61 Cove Rd
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61 Cove Rd
882 SF 100% Leased Retail Building Farnborough GU14 0EX $590,140 ($669/SF) 9% Cap Rate
Investment Highlights
- Prominent busy roadside location.
- 2 X Shops plus Large 3 Bed Flat in good order.
- Farnborough Main Line Station to London Waterloo is a short drive away.
Executive Summary
A Prominent Mixed-Use Building Comprising of 2 Lock-Up Shops (Class E & Hot Food Takeaway) & a First Floor Self Contained 3 Bedroom Flat for sale with offers in the region of £475,000.
The property comprises a detached double fronted two storey building offering 2 self-contained lock-up shops on the ground floor and a good sized 3 bedroom flat on the first floor which is in good order and is accessed via a rear external steel staircase. One shop is a hairdresser’s/barbers and is currently let at a figure of £7,200 pax, the other shop has been trading as a chip shop run by our client for many years, this could either stay as a chip shop, or can be used for many other hot food or alternate retail uses. The first floor comprises a good sized 3 bedroom flat, which has been used by our clients as their main residence, and as such has been well looked after and managed, including the roofs that have been replaced in recent times.
The property comprises a detached double fronted two storey building offering 2 self-contained lock-up shops on the ground floor and a good sized 3 bedroom flat on the first floor which is in good order and is accessed via a rear external steel staircase. One shop is a hairdresser’s/barbers and is currently let at a figure of £7,200 pax, the other shop has been trading as a chip shop run by our client for many years, this could either stay as a chip shop, or can be used for many other hot food or alternate retail uses. The first floor comprises a good sized 3 bedroom flat, which has been used by our clients as their main residence, and as such has been well looked after and managed, including the roofs that have been replaced in recent times.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
882 SF
Building Class
B
Year Built
1984
Price
$590,140
Price Per SF
$669
Cap Rate
9%
NOI
$53,113
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.04 AC
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Security System
- Signage
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Nearby Major Retailers
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61 Cove Rd
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