36 High St - Storefront Retail/Office FOR SALE


Sidmouth, DEV EX10 8ED
$285,000 USD
36 High St, Sidmouth, DEV for Sale
$285,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 7.72% Cap Rate

36 High St
Sidmouth, DEV EX10 8ED


HIGHLIGHTS

  • Positioned within the heart of the town centre
  • Grade II listed mid terraced period property
  • Outside there is a rear courtyard with bike store and w/c facilities

OVERVIEW

The property is let for a term of 6 years from 1st July 2022 to Gilbert Stephens Solicitors LLP on full repairing and insuring terms. There is a tenants option to break on 30th June 2025 subject to 6 months prior notice. The passing rent is £22,000 per annum and subject to review 1st July 2025. The freehold of the ground floor of number 38 High Street, known as Kent House and trading as Paragon Books has been sold off.

FOR SALE DETAILS

PRICE

$285,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

7.72%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,913 SF

ZONING

-

APN/PARCEL ID

DN571210

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