46-48 High St
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46-48 High St
7,984 SF Retail Building Newmarket CB8 8LF $963,319 ($121/SF) 8% Cap Rate
Investment Highlights
- 100% Prime Pitch
- Walking distance to public transport
- Investment opportunity
Executive Summary
Prime investment opportunity The property is let to Lloyds Bank Plc on a full repairing and insuring lease for a term of 5 years from 25th March 2022, expiring 24th March 2027 at a passing rent of £65,000 per annum.
At lease renewal, the rent was rebased downwards from £72,500 per annum under the previous lease.
Therefore, there are over 3.5 years unexpired with no breaks.
At lease renewal, the rent was rebased downwards from £72,500 per annum under the previous lease.
Therefore, there are over 3.5 years unexpired with no breaks.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
7,984 SF
Building Class
B
Year Built
1902
Price
$963,319
Price Per SF
$121
Cap Rate
8%
NOI
$77,066
Tenancy
Single
Building Height
4 Stories
Building FAR
2.04
Lot Size
0.09 AC
Frontage
26 FT on High St
Amenities
- Commuter Rail
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46-48 High St
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