High St

11,881 SF 100% Leased Retail Building Mablethorpe LN12 1AF $933,904 ($79/SF) 10.38% Cap Rate

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

NEARBY MAJOR RETAILERS

Lidl
NatWest
Barclays
Heron Foods
Co-operative Food
  • Listing ID: 33508988

  • Date on Market: 6/10/2024

  • Last Updated:

  • Address: High St, Mablethorpe LN12 1AF