49-51 Station Rd
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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.
£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
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49-51 Station Rd
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