18-24 Market Sq
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18-24 Market Sq
12,286 SF 100% Leased Retail Building South Woodham Ferrers CM3 5XA $1,204,178 ($98/SF) 15.65% Cap Rate
Investment Highlights
- Retail & Office Investment
- Retirement Sale
- Town Centre Location
- Well Maintained Throughout
- Fully Let Income Producing Investment
Executive Summary
The property was built circa 1991 of steel frame construction offering versatile accommodation and long-term income. The building is held on a long lease from SW Investments Limited (Formerly owned by the local borough) ta a ground rent of £29,750 (last review 2021).
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Office
Building Size
12,286 SF
Building Class
B
Year Built
1991
Price
$1,204,178
Price Per SF
$98
Cap Rate
15.65%
NOI
$188,441
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.55
Lot Size
0.51 AC
Amenities
- Accent Lighting
- Air Conditioning
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Nearby Major Retailers
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18-24 Market Sq
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