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36-38 Sherrard St

6,797 SF 100% Leased Retail Building Melton Mowbray LE13 1XJ $1,597,546 ($235/SF) 7.97% Cap Rate

Investment Highlights

  • Fully let mixed use investment
  • Rental Income of £105,420
  • 3 x retail units and 8 x residential apartments

Executive Summary

A mixed use investment comprising a 3 x ground floor retail units and 8 x residential apartments.
The ground floor retail units are occupied by William Hill, Viet Nails 38 Ltd and C.B. George Ltd t/a Bargain Booze / Post Office. Each unit generally provides an open plan retail / sales area with w/c accommodation and staff facilities to the rear.
The first floor comprises a mix of 1 x studio apartment, 6 x 1bed apartments and 1 x 2bed apartment.
Externally, to the rear of the property, is a secure service yard.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
6,797 SF
Year Built
1970
Price
$1,597,546
Price Per SF
$235
Cap Rate
7.97%
NOI
$127,324
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.35
Lot Size
0.12 AC
Frontage
72 FT on Sherrard Street

Amenities

  • Courtyard

Nearby Major Retailers

Morrisons
Loungers
Lloyds Bank
Caffe Nero
National Westminster Bank Plc
Costa Coffee
Iceland
Santander
Lidl
ALDI
  • Listing ID: 32131116

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: 36-38 Sherrard St, Melton Mowbray LE13 1XJ

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