South Street
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South Street
2,573 SF 100% Leased Retail Building Crook DL15 8NE $801,421 ($311/SF) 6.50% Cap Rate
Executive Summary
100% Prime pitch in busy market town
Let to Strong covenants of DP Realty Limited(Domino's) & Cash Access UK Ltd (Banking Hub)
Recently refurbished and new lettings at a combined rent of £44,000 pa
Crook is an Historic and attractive County Durham market town
We are instructed to seek offers in excess of £645,000 which reflects a net initial yield of 6.5% after purchaser’s costs of 5.17%.
Let to Strong covenants of DP Realty Limited(Domino's) & Cash Access UK Ltd (Banking Hub)
Recently refurbished and new lettings at a combined rent of £44,000 pa
Crook is an Historic and attractive County Durham market town
We are instructed to seek offers in excess of £645,000 which reflects a net initial yield of 6.5% after purchaser’s costs of 5.17%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Fast Food
Building Size
2,573 SF
Year Built
1980
Price
$801,421
Price Per SF
$311
Cap Rate
6.50%
NOI
$52,092
Percent Leased
100%
Building Height
2 Stories
1 of 1
Nearby Major Retailers
1 of 2
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South Street
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