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4 The Pavement 2,828 sq ft Retail Property St Ives PE27 5AD £690,000 (£243.99/sq ft) 6.56% Net Initial Yield
INVESTMENT HIGHLIGHTS
- The property occupies a prominent trading location on the Market Square
- Property let to Elmwood Healthcare Limited
- St Ives is a prosperous and historic Cambridgeshire market town
EXECUTIVE SUMMARY
Prominent retail investment with development potential in affluent market town.
Summary:
- Affluent Cambridgeshire market town
- Grade II Listed property with ground floor retail and a spacious two bedroom maisonette on the upper floors.
- 100% prime pitch
- Over 13.5 years unexpired
- Extensive site offering future redevelopment options, subject to achieving the necessary consents.
- Break up potential
Summary:
- Affluent Cambridgeshire market town
- Grade II Listed property with ground floor retail and a spacious two bedroom maisonette on the upper floors.
- 100% prime pitch
- Over 13.5 years unexpired
- Extensive site offering future redevelopment options, subject to achieving the necessary consents.
- Break up potential
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,828 sq ft
Year Built
1823
Price
£690,000
Price per sq ft
£243.99
Yield
6.56%
NOI
£45,250
Tenancy
Single
Number of Floors
1
Plot ratio
0.36
Total Plot Size
0.18 ac
Parking
8 Spaces (2.83 Spaces per 1,000 sq ft Leased)
Frontage
24 ft on The Pavement
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NEARBY MAJOR RETAILERS
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4 The Pavement
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