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Starbucks Attleborough Bypass 3,050 sq ft 4-Star Retail Property Besthorpe NR17 2PU £1,320,000 (£432.79/sq ft) 5.76% Net Initial Yield
Investment Highlights
- Sits next to busy Attleborough bypass
- Prime position
- Located adjacent to the busy Attleborough Bypass with north and southbound access available to the site
Executive Summary
£1,320,000 for the Drive Thru reflecting a NIY of 5.76% (assuming standard purchasers costs of 6%) with a reversion to 7.15% after the 2027 review assuming an ERV of £100,000 pa. The sale also has a 2.85 acre land priced at £250,00.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Standalone
Property Size
3,050 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2017
Price
£1,320,000
Price per sq ft
£432.79
Yield
5.76%
NOI
£76,032
Tenancy
Single
Number of Floors
2
Plot ratio
0.02
Total Plot Size
2.85 ac
Parking
29 Spaces (9.51 Spaces per 1,000 sq ft Leased)
Frontage
50 ft on Attleborough Bypass
Amenities
- 24 Hour Access
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Starbucks | Attleborough Bypass
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