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394-396 High St 1,000 sq ft Retail Property Winsford CW7 2DP £250,000 (£250/sq ft) 9.89% Net Initial Yield
Investment Highlights
- Total annual income £25,300 per annum
- 15-year lease on the commercial element T/A Bargain Booze
- 2 x 1 bed flats
Executive Summary
The property is currently income producing, generating a combined rental income of £25,300 per annum, offering an immediate return with potential for future rental growth. The mix of commercial and residential accommodation, together with its central location and rear parking, makes this an appealing investment opportunity for private investors seeking a stable and well positioned asset. £250,000, representing a Gross Initial Yield of 10.12% and a Net Initial Yield of 9.89%, assuming purchaser’s costs of 2.3%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,000 sq ft
Costar Property Class
C
Year Built
1930
Price
£250,000
Price per sq ft
£250
Yield
9.89%
NOI
£24,725
Tenancy
Single
Number of Floors
2
Plot ratio
0.23
Total Plot Size
0.10 ac
Frontage
31 ft on High Street
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 7
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394-396 High St
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