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55 Springfield Rd 858 sq ft 100% Let Retail Property Great Yarmouth NR31 6AD £375,000 (£437.06/sq ft) 6.88% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Well located within residential suburb
- Good on-street parking options
- Visible to passing traffic per corner position
EXECUTIVE SUMMARY
This is a fantastic opportunity to acquire a fully tenanted freehold investment property in the ever-popular coastal town of Gorleston, Norfolk. Generating a total annual income of £25,800, this mixed-use property offers a solid return with established tenants in place.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
858 sq ft
Costar Property Class
B
Year Built
1980
Price
£375,000
Price per sq ft
£437.06
Yield
6.88%
NOI
£25,800
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.54
Total Plot Size
0.04 ac
Frontage
47 ft on Springfield Road
AMENITIES
- Signage
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NEARBY MAJOR RETAILERS
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55 Springfield Rd
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