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48-49 High St 8,454 sq ft Retail Property Exeter EX4 3DJ £1,340,000 (£158.50/sq ft) 7% Net Initial Yield
EXECUTIVE SUMMARY
Prime city centre retail investment opportunity. Seeking offers in excess of £1.34M (One Million Three Hundred and Forty Thousand Pounds) for the freehold interest in the property. A purchase at this level reflects a net initial yield of 7%, after allowance for unadjusted purchaser’s costs of 6.8%.
The basement, ground and first floors are let to Washington Green Retail Limited T/A Castle Fine Art. Current passing rent is £100,000 per annum.
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The basement, ground and first floors are let to Washington Green Retail Limited T/A Castle Fine Art. Current passing rent is £100,000 per annum.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
8,454 sq ft
Year Built
1923
Price
£1,340,000
Price per sq ft
£158.50
Yield
7%
NOI
£93,800
Tenancy
Single
Number of Floors
5
Plot ratio
3.88
Total Plot Size
0.05 ac
Frontage
30 ft on High St
AMENITIES
- EPC - B
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NEARBY MAJOR RETAILERS
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48-49 High St
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