South Street 2,573 SF 100% Leased Retail Building Crook DL15 8NE $789,355 ($306.78/SF) 7.05% 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
Freehold
Property Subtype
Fast Food
Building Size
2,573 SF
Year Built
1980
Price
$789,355
Price Per SF
$306.78
Cap Rate
7.05%
NOI
$55,620
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.08 AC
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
James Metcalf -
MHPI Ltd
