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9 Winchester St 481 sq ft Retail Property Whitchurch RG28 7AH £340,000 (£706.86/sq ft) 6.53% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Potential for development subject to the necessary consents
- Large rear yard 46.0 m2 [495 ft2]
- Ground Floor Shop / Office 44.9 m2 [483 ft2]
- Current income £22,200 pax
EXECUTIVE SUMMARY
Offers invited in the region of £340,000. VAT is not currently charged.
The ground floor shop/office is let on the residue of 15 year internal, door, fascia & window repairing and insuring lease from 01 January 2012 subject to 5 yearly non-downward rent reviews and at a current rent of £12,000 pax.
The first floor flat is let on an Assured Shorthold Tenancy at £850 per month.
The ground floor shop/office is let on the residue of 15 year internal, door, fascia & window repairing and insuring lease from 01 January 2012 subject to 5 yearly non-downward rent reviews and at a current rent of £12,000 pax.
The first floor flat is let on an Assured Shorthold Tenancy at £850 per month.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
481 sq ft
Costar Property Class
C
Year Built
1903
Price
£340,000
Price per sq ft
£706.86
Yield
6.53%
NOI
£22,200
Tenancy
Single
Number of Floors
2
Frontage
28 ft on Winchester Street
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9 Winchester St
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