2-3 Great Hampton St
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2-3 Great Hampton St
2,417 SF Retail Building Birmingham B18 6EL $474,678 ($196/SF) 8.32% Cap Rate
Investment Highlights
- Newly Refurbished Building
- Feature woodworking
- Double glass frontages
Executive Summary
The property is held long leasehold (999 years at peppercorn rental).
The property is let to Dark Blue Café Limited on a 15-year lease from 1st April 2023.
The rent is £31,194 per annum exclusive payable monthly and is reviewable 5 yearly to open market value with break options at years 5 and 10.
Offers in excess of £390,000 are sought, subject to contract reflecting NIY of 7.78% (when assuming purchasers’ costs of 2.81%) and a low underlying Capital Value of £198.00 ft2.
The property is let to Dark Blue Café Limited on a 15-year lease from 1st April 2023.
The rent is £31,194 per annum exclusive payable monthly and is reviewable 5 yearly to open market value with break options at years 5 and 10.
Offers in excess of £390,000 are sought, subject to contract reflecting NIY of 7.78% (when assuming purchasers’ costs of 2.81%) and a low underlying Capital Value of £198.00 ft2.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
2,417 SF
Building Class
B
Year Built/Renovated
1990/2023
Price
$474,678
Price Per SF
$196
Cap Rate
8.32%
NOI
$39,486
Tenancy
Single
Building Height
2 Stories
Building FAR
0.55
Land Acres
0.10 AC
Amenities
- Security System
- Automatic Blinds
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Nearby Major Retailers
-
Edward Siddall-Jones -
Siddall Jones
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2-3 Great Hampton St
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