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7 Castle Meadow 27,192 sq ft 100% Let Retail Property Norwich NR1 3BY £2,900,000 (£106.65/sq ft) 9.50% Net Initial Yield
EXECUTIVE SUMMARY
Offers are sought in excess of £2,900,000 (Two Million Nine Hundred Thousand Pounds), subject to contract and exclusive of VAT. Allowing for purchaser’s costs of 6.8%, a purchase at this level would reflect an attractive Net Initial Yield of 9.50%, and a low capital value of £190 per sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
27,192 sq ft
Costar Property Class
B
Year Built
1976
Price
£2,900,000
Price per sq ft
£106.65
Yield
9.50%
NOI
£275,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Frontage
AMENITIES
- EPC - C
1 1
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7 Castle Meadow
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