High St
11,881 SF 100% Leased Retail Building Mablethorpe LN12 1AF $933,904 ($79/SF) 10.38% Cap Rate
![High St, Mablethorpe for sale - Primary Photo - Image 1 of 2](https://images1.loopnet.com/i2/qArXf9qkRb4EyCXdP3rD3CFS3fiVMmd3khkyv_05rnU/110/High-St-Mablethorpe-Primary-Photo-1-Large.jpg)
![High St, Mablethorpe for sale - Building Photo - Image 2 of 2](https://images1.loopnet.com/i2/FVjbanhQturnjnjR01OtbsZ8QMxhuLLQgDIArIKTP9s/110/High-St-Mablethorpe-Building-Photo-2-Large.png)
EXECUTIVE SUMMARY
The Louth Hotel is a substantial building sat in a prominent location on the corner of the High Street and Victoria Street and which is laid out to provide a pub, the Louth Hotel and five other commercial units utilised for a variety of different retail and restaurant uses, together with three self contained residential units. To the rear of the building is a courtyard used for storage and car parking.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
11,881 SF
Building Class
B
Year Built
1905
Price
$933,904
Price Per SF
$79
Cap Rate
10.38%
NOI
$96,939
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.34 AC
Frontage
197 FT on High Street
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Louth Hotel & Pub
- -
- 3,994 SF
- -
- May 2022
- Pizza King
- -
- 470 SF
- -
- Mar 2035
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
Louth Hotel & Pub | - | 3,994 SF | - | May 2022 | ||
Pizza King | - | 470 SF | - | Mar 2035 |
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NEARBY MAJOR RETAILERS
![Lidl Lidl](https://images1.loopnet.com/i2/s-B6fPeP8plGdUHxP9u6GNr2RBHj-YZgpafm9OI-9wE/105/image.png)
![NatWest NatWest](https://images1.loopnet.com/i2/C1HaR_OPvRgnnzIq2NV07ZfRzKDuJtq_Wy60bUYkR1U/105/image.png)
![Barclays Barclays](https://images1.loopnet.com/i2/aS-gHUZ_mBXPnMoh-UuHWm5jTvPTzCKl3YgcVIG38Jo/105/image.png)
![Heron Foods Heron Foods](https://images1.loopnet.com/i2/nVM5ETfxptWhtRuaLPzcJuJCsj5gLCrgJoqzRY42j50/105/image.jpg)
![Co-operative Food Co-operative Food](https://images1.loopnet.com/i2/aDcXRsS3ZKByolsvCJUrlvZDBAZSykeQ7NSmMRk0J-w/105/image.png)