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High St 11,881 sq ft 100% Let Retail Property Mablethorpe LN12 1AF £635,000 (£53.45/sq ft) 12.28% Net Initial Yield
Investment Highlights
- Freehold Investment opportunity
- Courtyard at the rear for storage and construction
- 12.28% NIY
Executive Summary
The Louth Hotel, comprising of 11,881 square feet, is a substantial building sat in a prominent location on the corner of the High Street and Victoria Street and which is laid out to provide a pub, the Louth Hotel and five other commercial units utilised for a variety of different retail and restaurant uses, together with three self contained residential units. To the rear of the building is a courtyard used for storage and car parking.
As referred to above, the property is laid out to provide six commercial units and three further residential apartments.
As referred to above, the property is laid out to provide six commercial units and three further residential apartments.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
11,881 sq ft
Costar Property Class
B
Year Built
1905
Price
£635,000
Price per sq ft
£53.45
Yield
12.28%
NOI
£77,978
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.80
Total Plot Size
0.34 ac
Frontage
197 ft on High Street
1 1
Nearby Major Retailers
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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High St
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