49 Toll Gavel | Beverley HU17 9AA
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49 Toll Gavel
Beverley HU17 9AA
49 Toll Gavel, Beverley, HU17 9AA · Retail Property For Sale
Investment Highlights
- Daytime Foot Traffic
- Natural Light
- Access via B1230
Executive Summary
The property comprises a Grade II listed retail investment let to British Heart Foundation.
The property provides open plan retail accommodation on the ground floor with a timber framed and glazed shop frontage with additional stores at first floor level providing office and storage accommodation together with w.c provision with additional stores within the attic
The property is let on a formal lease agreement to British Heart Foundation dated 26 July 2024. The lease is for a term of 5 years expiring 2 May 2029 albeit the tenant benefits from an option to determine the lease on the third anniversary of the term subject to the relevant notice. The passing rent is £21,500 per annum.
The property provides open plan retail accommodation on the ground floor with a timber framed and glazed shop frontage with additional stores at first floor level providing office and storage accommodation together with w.c provision with additional stores within the attic
The property is let on a formal lease agreement to British Heart Foundation dated 26 July 2024. The lease is for a term of 5 years expiring 2 May 2029 albeit the tenant benefits from an option to determine the lease on the third anniversary of the term subject to the relevant notice. The passing rent is £21,500 per annum.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Retail
Building Size
1,249 SF
Year Built
1900
Price
$338,295
Price Per SF
$271
Cap Rate
8%
NOI
$27,064
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
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