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49-51 Station Rd

1,170 SF Retail Building Seaham SR7 0AQ $109,469 ($94/SF) 10.56% Cap Rate

Investment Highlights

  • Situated on busy main road
  • Excellent investment opportunity
  • 10.56 % yield on asking price
  • Two storey property
  • 5 year lease from March 2022
  • Floor area 108.74 sq. m. (1170.4 sq. ft.)

Executive Summary

A traditional mid terrace two storey red brick building with pitched roof consisting ground floor tanning salon with first floor beauty rooms.
£89,950, £9,500 per annum, 10.56 % Yield on Asking Price.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,170 SF
Building Class
C
Year Built
1940
Price
$109,469
Price Per SF
$94
Cap Rate
10.56%
NOI
$11,560
Tenancy
Single
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.03 AC
Frontage
18 FT on Station Road

Amenities

  • Storage Space

Nearby Major Retailers

SPAR
Morrisons
Sainsbury's
B&M Express
ALDI
Costcutter
Costa Coffee
Barclays Bank
ASDA
Farmfoods
  • Listing ID: 33914391

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 49-51 Station Rd, Seaham SR7 0AQ

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