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8-8A Market St

952 SF 100% Leased Retail Building Ferryhill DL17 8JN $203,498 ($214/SF) 10.11% Cap Rate

Investment Highlights

  • Heavy daytime foot traffic
  • Frontage on to main road
  • Access via A167

Executive Summary

Mid-terrace two storey investment property comprising two ground floor shops, first floor 2 bedroom apartment and an extensive range of storage buildings. The property is of traditional brick construction held beneath a dual pitched slate tile covered roof. Each unit is separately served for utilities and wcs and both shops have attractive window frontage to the Market Place. The flat is arranged over ground and first floor with conservatory comprising kitchen, two bedrooms and bathroom. The flat is heated by way of a gas fired central heating system. The flat is accessed via the rear yard incorporating a concrete surfaced car parking area together with an extensive range of brick built stores/ outbuildings that may be suitable for a variety of re-development opportunities subject to any necessary statutory/ planning consents.

Attachments

Brochure 24

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
952 SF
Building Class
B
Year Built
1927
Price
$203,498
Price Per SF
$214
Cap Rate
10.11%
NOI
$20,579
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
28 FT on Market Street

Amenities

  • Energy Performance Rating - C
  • Automatic Blinds
  • Storage Space

Nearby Major Retailers

The Co-operative Food
Sainsbury's
  • Listing ID: 31937243

  • Date on Market: 5/28/2024

  • Last Updated:

  • Address: 8-8A Market St, Ferryhill DL17 8JN

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