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71-77 Abington St 51,678 sq ft 100% Let Retail Property Northampton NN1 2BH £2,200,000 (£42.57/sq ft) 13.54% Net Initial Yield
Investment Highlights
- Freehold retail parade comprising 12 units
- Residential redevelopment potential
- Total current rent reserve of £297,913.04 PA
Executive Summary
This freehold retail parade offers a compelling investment opportunity in the heart of Northampton’s town center. Comprising 12 retail units with upper parts, the property spans approximately 38,376 sq ft and benefits from a strong tenant mix generating a total current rent reserve of £297,913.04 per annum. The asset is being offered at a guide price of £2,200,000–£2,300,000, reflecting an attractive gross initial yield of approximately 13.54%
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
51,678 sq ft
Costar Property Class
B
Year Built
1989
Price
£2,200,000
Price per sq ft
£42.57
Yield
13.54%
NOI
£297,913
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Loading Docks
1 Exterior
Plot ratio
1.11
Total Plot Size
1.07 ac
Frontage
225 ft on Abington Street
Amenities
- EPC - D
- Storage Space
Nearby Major Retailers
1 of 12
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71-77 Abington St
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