3-5 The Parade
1,882 SF 100% Leased Retail Building Minehead TA24 5NL $808,329 ($430/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Retail investment with development opportunity
EXECUTIVE SUMMARY
Investment The property is available freehold subject to the commercial leases in place at a guide price of £625,000, reflecting a net yield of 7.00% having allowed for purchasers costs at 5.12%
The building has planning permission to convert the coach house and vacant areas into three separate residential dwellings.
The building has planning permission to convert the coach house and vacant areas into three separate residential dwellings.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Building Size
1,882 SF
Building Class
C
Year Built
1900
Price
$808,329
Price Per SF
$430
Cap Rate
7%
NOI
$56,583
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.08
Lot Size
0.04 AC
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NEARBY MAJOR RETAILERS
