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Radcliffe Rd 3,457 sq ft Retail Property Holme Pierrepont NG12 2LF £1,856,000 (£536.88/sq ft) 5.75% Net Initial Yield
EXECUTIVE SUMMARY
Brand New Drive-Thru Investment With 25 years Unexpired And CPI Linked Reviews.
Offers in excess of £1,856,000 subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 5.75% after allowance for purchaser’s costs of 6.8%.
Offers in excess of £1,856,000 subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 5.75% after allowance for purchaser’s costs of 6.8%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Property Size
3,457 sq ft
Costar Property Class
B
Year Built
1956
Price
£1,856,000
Price per sq ft
£536.88
Yield
5.75%
NOI
£106,720
Tenancy
Single
Number of Floors
2
Parking
28 Spaces (8.1 Spaces per 1,000 sq ft Leased)
Frontage
117 ft on Radcliffe Road
AMENITIES
- Security System
- Skylights
- Roller Shutters
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Radcliffe Rd
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