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70 North St 2,279 sq ft Retail Property Chichester PO19 1NB £1,220,000 (£535.32/sq ft) 8.50% Net Initial Yield
EXECUTIVE SUMMARY
Offers are sought in excess of £1,220,000 (One Million Two Hundred and Twenty Thousand Pounds), subject to contract and exclusive of VAT. Allowing for purchaser’s costs of 5.94%, a purchase at this level would reflect a Highly Attractive Net Initial Yield of 8.50%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,279 sq ft
Costar Property Class
C
Year Built
1905
Price
£1,220,000
Price per sq ft
£535.32
Yield
8.50%
NOI
£103,700
Tenancy
Single
Number of Floors
2
Plot ratio
0.34
Total Plot Size
0.16 ac
Frontage
19 ft on North Street
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70 North St
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