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52 Castle St 3,710 sq ft Retail Property Hinckley LE10 1DB £400,000 (£107.82/sq ft) 7.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Offers in the region of £400,000 reflecting a net initial yield of 7.2%.
- Well served by nearby public car parks.
- Cat 6 Lighting.
- Good footfall.
- Prime Pitch.
- Fully Glazed double frontage.
- Ceiling mounted heating/ cooling system.
EXECUTIVE SUMMARY
The property is let to Armstrong Fitness Limited on a 7-year lease from 23/04/2021 at a rent of £30,000 p.a., with a tenant break option on 22/04/2026.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
3,710 sq ft
Costar Property Class
B
Year Built
1980
Price
£400,000
Price per sq ft
£107.82
Yield
7.50%
NOI
£30,000
Tenancy
Single
Number of Floors
2
AMENITIES
- Air Conditioning
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NEARBY MAJOR RETAILERS
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52 Castle St
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