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45-49 Westgate 1,576 sq ft Retail Unit Offered at £350,000 in Guisborough TS14 6NJ
Investment Highlights
- Freehold mixed-use town centre investment
- Established Post Office tenant on prime retail pitch
- Secure retail income with long unexpired lease
Executive Summary
45–49 Westgate is a traditional mixed-use terraced property occupying a prominent position on the southern side of Westgate, Guisborough’s prime retail pitch. The building benefits from a wide frontage to the pedestrianised retail street with residential accommodation at first floor level, forming a well-established town centre investment surrounded by a mix of national and independent occupiers.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 8.55% |
| Sale Type | Investment |
| Net Initial Yield | 8.55% |
| Tenure | Freehold |
Description
The property comprises a ground floor retail unit arranged to provide an open plan sales area with ancillary offices, stores, staff accommodation and WCs to the rear, together with a separately accessed first floor residential flat. The flat provides two bedrooms, a lounge/dining room, kitchen, shower room and separate WC, offering a self-contained residential unit above the retail accommodation.
Sale Notes
The property is offered for sale as a freehold, fully income-producing mixed-use investment, generating £29,940 per annum exclusive, at an asking price of £350,000, reflecting an attractive net initial yield of approximately 8.55%.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 45 - 47 | 1,576 sq ft | Retail | £350,000 (£222.08/sq ft) | £29,925 |
Unit 45 - 47
| Unit Size |
| 1,576 sq ft |
| Unit Use |
| Retail |
| Price |
| £350,000 (£222.08/sq ft) |
| NOI |
| £29,925 |
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Unit 45 - 47
| Unit Size | 1,576 sq ft |
| Unit Use | Retail |
| Price | £350,000 (£222.08/sq ft) |
| NOI | £29,925 |
| Sale Type | Investment |
| Net Initial Yield | 8.55% |
| Tenure | Freehold |
| Description | |
| The property comprises a ground floor retail unit arranged to provide an open plan sales area with ancillary offices, stores, staff accommodation and WCs to the rear, together with a separately accessed first floor residential flat. The flat provides two bedrooms, a lounge/dining room, kitchen, shower room and separate WC, offering a self-contained residential unit above the retail accommodation.</li></ul> | |
| Sale Notes | |
| The property is offered for sale as a freehold, fully income-producing mixed-use investment, generating £29,940 per annum exclusive, at an asking price of £350,000, reflecting an attractive net initial yield of approximately 8.55%.</li></ul> |
Property Facts Sale Pending
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 3,076 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 1,538 sq ft |
| Property Subtype | Shopfront | Year Built | 1900 |
| Costar Property Class | B | Total Plot Size | 0.15 ac |
| Total Property Size | 3,076 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 1,538 sq ft |
| Year Built | 1900 |
| Total Plot Size | 0.15 ac |
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45-49 Westgate
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