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75-77 Riley Sq 21,316 sq ft Retail Property Coventry CV2 1LY £350,000 (£16.42/sq ft) 4.27% Net Initial Yield
Investment Highlights
- Anchor occupier within Riley Square
- Close to local amenities
- Free parking
Executive Summary
A long leasehold interest is offered at a figure of £350,000 exclusive which will show a net initial yield of 4.27% allowing 5.8% for costs, and a reversionary yield upon review (based on £24,000 per annum) of 6.61%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront
Property Size
21,316 sq ft
Year Built
1960
Price
£350,000
Price per sq ft
£16.42
Yield
4.27%
NOI
£14,945
Tenancy
Single
Number of Floors
2
Plot ratio
1.00
Total Plot Size
0.49 ac
Frontage
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 2
Videos
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Presented by
75-77 Riley Sq
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