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Corner House Ringwood Rd 3,454 sq ft 100% Let Retail Property Christchurch BH23 8AA £630,000 (£182.40/sq ft) 8% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Excellent road connections via the nearby A35 and A31
- Asset Management Potential
- Prominent Corner Plot & Affluent Catchment
EXECUTIVE SUMMARY
Offers considered in the region of £630,000 subject to contract for the freehold interest subject to subsisting tenancies. A purchase at this level will show an attractive net initial yield of 8% after allowance for buyer’s costs at 5.133%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
3,454 sq ft
Costar Property Class
B
Year Built
1929
Price
£630,000
Price per sq ft
£182.40
Yield
8%
NOI
£50,400
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.42
Total Plot Size
0.19 ac
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Corner House | Ringwood Rd
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