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6-10 Longsmith St 849 sq ft 100% Let Retail Property Gloucester GL1 2HH £425,000 (£500.59/sq ft) 9.37% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Residential units included in the sale
- Easily accessible
- Mixed use investment
EXECUTIVE SUMMARY
We are instructed to seek offers in the region of £425,000 for the freehold interest in the property, subject to the tenancies outlined. A purchase at this level would reflect a gross yield of 8.74% or net initial yield of 8.38% after purchaser’s costs of 4.3%.
The property is a three-storey building of concrete frame construction with two self-contained retail units on the ground floor with residential above.
Ground floor:
No. 6 - 450 SQ FT
No. 8 - 399 SQ FT
First and Second floors - 1,550 SQ FT
The property is a three-storey building of concrete frame construction with two self-contained retail units on the ground floor with residential above.
Ground floor:
No. 6 - 450 SQ FT
No. 8 - 399 SQ FT
First and Second floors - 1,550 SQ FT
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
849 sq ft
Costar Property Class
B
Year Built
1982
Price
£425,000
Price per sq ft
£500.59
Yield
9.37%
NOI
£39,805
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.71
Total Plot Size
0.03 ac
Frontage
13 ft on Longsmith Street
AMENITIES
- EPC - C
- Storage Space
1 1
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6-10 Longsmith St
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