1-5 Vine Parade - Retail FOR SALE


Wivenhoe, ESS CO7 9HA
$790,000 USD
120-635-5793
1-5 Vine Parade, Wivenhoe, ESS for Sale
$790,000 USD
Retail - FOR SALE
1/4
null | 7.5% Cap Rate

1-5 Vine Parade
Wivenhoe, ESS CO7 9HA


HIGHLIGHTS

  • Prominent Business Location
  • Solid Transport Links
  • High Ceilings

OVERVIEW

Freehold offers of £790,000 are sought. A sale at this level would reflect a nett initial yield of 7.5% allowing for a purchasers cost of 5.625%. Shop- Let to One Stop Stores Ltd(Co: 02462858) for a term of 15 years from 30th June 2023 at £29,000 pax subject to five yearly tenant breaks being 30th June 2028 & 2033. There are no rent reviews. Flat 1A -Let at £950pcm to 30-1-26 Flat 3A-Let at £925pcm to 18-3-26 Flat 5A-Let at £930pcm to 29-11-25( includes 3 garages). The current rental income is £62,660per annum exclusive of rates VAT and all other outgoings

FOR SALE DETAILS

PRICE

$790,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,164 SF

ZONING

-

APN/PARCEL ID

EX707014

ASK ABOUT THIS PROPERTY

Ewan DoddsWhybrow & Dodds LtdMore Info
120-635-5793

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ewan DoddsWhybrow & Dodds LtdMore Info
120-635-5793

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.