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8 Little Sq 1,846 sq ft Retail Property Braintree CM7 1UT £475,000 (£257.31/sq ft) 7.30% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prime Location in Braintree
- High Footfall Area
- Well Established Square
EXECUTIVE SUMMARY
The virtual freehold of property is available with the asking price £475,000 subject to the lease back.
Retail investment premises approximately 1,823 sq ft. Subject to a leaseback the property will generate an income of £35,000 per annum with a gross initial yield of 7.3%.
Retail investment premises approximately 1,823 sq ft. Subject to a leaseback the property will generate an income of £35,000 per annum with a gross initial yield of 7.3%.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront
Property Size
1,846 sq ft
Costar Property Class
B
Year Built
1986
Price
£475,000
Price per sq ft
£257.31
Yield
7.30%
NOI
£34,675
Tenancy
Single
Number of Floors
2
Plot ratio
0.20
Total Plot Size
0.21 ac
Frontage
42 ft on Little Square
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8 Little Sq
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