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93 High St 14,373 sq ft 100% Let Retail Property Longstanton CB24 3BT £3,300,000 (£229.60/sq ft) 7.28% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Dominant core shopping location
- Mixed use supermarket anchored retail parade & 6 upper floor flats let on ASTs
- Longstanton is an important satellite growth area for Cambridge
EXECUTIVE SUMMARY
The property is of modern frame construction with brick elevations under tiled roofs.
The commercial space comprises a large convenience store and four lock up shops with a large forecourt area providing off road shopper parking for around 10 cars.
The residential element comprises six large well configured first floor flats with self-contained access to the rear. Each flat has one rear car parking space and there are 3 visitor bays.
The commercial space comprises a large convenience store and four lock up shops with a large forecourt area providing off road shopper parking for around 10 cars.
The residential element comprises six large well configured first floor flats with self-contained access to the rear. Each flat has one rear car parking space and there are 3 visitor bays.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
14,373 sq ft
Year Built
2014
Price
£3,300,000
Price per sq ft
£229.60
Yield
7.28%
NOI
£240,240
Occupancy Rate
100%
Number of Floors
2
Plot ratio
0.73
Total Plot Size
0.45 ac
Frontage
181 ft on High Street
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93 High St
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