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Richmondshire Walk - Richmondshire Walk Shopping Centre 2,137 sq ft Retail Unit Offered at £325,000 in Catterick Garrison DL9 3EN
INVESTMENT HIGHLIGHTS
- Purpose built retail parade constructed 2000
- The town benefits from swift transport links across the region linking with the A1(M)
- Centrally located in Catterick Garrison
EXECUTIVE SUMMARY
Ground and first floor retail premises forming part of this purpose built retail parade. The property is of steel frame construction with sheet clad elevations and brick outerleaf. The ground floor comprises an open plan sales area incorporating glazed window frontage to the main customer car park and customer service desk. There is a tiled floor and suspended ceiling with LED lighting and electrically operated heating/ cooling. There are a number of stores/ offices to the rear. The first floor comprises a store room with ancillary staff/ storage accommodation. There is a goods lift with loading access from the rear.
PROPERTY FACTS
| Total Property Size | 98,099 sq ft | Typical Floor Size | 32,700 sq ft |
| Property Type | Retail (Unit) | Year Built | 1999 |
| Costar Property Class | B | Total Plot Size | 7.32 ac |
| Floors | 2 | Parking Allocation | 7.65/1,000 sq ft |
| Total Property Size | 98,099 sq ft |
| Property Type | Retail (Unit) |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 32,700 sq ft |
| Year Built | 1999 |
| Total Plot Size | 7.32 ac |
| Parking Allocation | 7.65/1,000 sq ft |
AMENITIES
- Restaurant
- Security System
- Storage Space
- Air Conditioning
1 UNIT AVAILABLE
Unit C
| Unit Size | 2,137 sq ft | Sale Type | Investment |
| Price | £325,000 | Tenure | Long Leasehold |
| Price Per sq ft | £152.08 | Net Initial Yield | 8.37% |
| Unit Use | Retail | NOI | £27,202.50 |
| Unit Size | 2,137 sq ft |
| Price | £325,000 |
| Price Per sq ft | £152.08 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 8.37% |
| NOI | £27,202.50 |
DESCRIPTION
CEX (Franchising) Ltd currently leasing the unit.
SALE NOTES
A purchase at the asking price demonstrates a net initial yield of 8.37% (adjusting for service charge deficit) after assuming standard purchaser’s costs at 3.57%.
NEARBY MAJOR RETAILERS
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Richmondshire Walk - Richmondshire Walk Shopping Centre
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