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38 Main Rd 2,679 sq ft 100% Let Retail Property Washingborough LN4 1AU £300,000 (£111.98/sq ft) 8.84% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Adjoining single storey takeaway units
- Situated on the main road
- Prominent frontage to this road
EXECUTIVE SUMMARY
The property comprises a pair of adjoining single storey takeaway units. The property is available For Sale Freehold, subject to the two tenancy agreements that are currently in place.
Asking price is £300,000, subject to the tenancies set out above which reflects a Net Initial Yield of 8.84% after standard acquisition costs.
Asking price is £300,000, subject to the tenancies set out above which reflects a Net Initial Yield of 8.84% after standard acquisition costs.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,679 sq ft
Costar Property Class
B
Year Built
1970
Price
£300,000
Price per sq ft
£111.98
Yield
8.84%
NOI
£26,520
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Loading Docks
1 Exterior
Parking
4 Spaces (1.49 Spaces per 1,000 sq ft Leased)
Frontage
56 ft on Main Road
1 1
NEARBY MAJOR RETAILERS
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38 Main Rd
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