13 Victoria Sq
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13 Victoria Sq
800 SF 100% Leased Retail Building Droitwich WR9 8DE $525,447 ($657/SF) 6.63% Cap Rate
Investment Highlights
- Retail/Residential Investment
- Prominent town centre property
- Neighbouring occupiers include HSBC, Santander, WH Smith, Fine & Country, The Post Office and Park’s Café
- Two parking spaces are within the carport at ground floor level
- Good transport links
Executive Summary
The ground floor retail unit consists of an open plan split level layout and large window display to the front, whilst a separate office/kitchenette is located to the rear which also accommodates WC facilities and access to the two car parking spaces within the carport at the rear of the unit. Offers based on £420,000 (Four Hundred and Twenty Thousand Pounds), subject to contract. A purchase at this level represents a current net initial yield of 6.63%
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
800 SF
Building Class
B
Year Built
1950
Price
$525,447
Price Per SF
$657
Cap Rate
6.63%
NOI
$34,837
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.83
Lot Size
0.01 AC
Parking
2 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
17 FT on Victoria Square
Amenities
- Security System
- Storage Space
1 of 1
Nearby Major Retailers
1 of 5
VIDEOS
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13 Victoria Sq
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