16-18 North St 1,914 SF 89% Leased Office Building Ashford TN24 8JR £340,000 (£177.64/SF) 9% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Attractive mid terraced, three storey Grade II listed building
- A short walk from the Ashford High Street
- Good investment opportunity or potential for residential redevelopment
EXECUTIVE SUMMARY
This is an attractive mid terraced, three storey Grade II listed building which provides 1,914sq. ft. of accommodation over four floors. It provides a good investment opportunity or potential for residential redevelopment with the possibility of creating 2 self contained flats (1 on each floor), which could generate an income in the region of £18,500 per annum, subject to gaining the necessary consents.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
1,914 SF
Building Class
B
Year Built
1898
Price
£340,000
Price Per SF
£177.64
Net Initial Yield
9%
NOI
£30,600
Percent Leased
89%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
479 SF
Slab to Slab
9 ft
Building FAR
1.10
Lot Size
0.04 AC
AMENITIES
- Banking
- Controlled Access
- Convenience Store
- Security System
- Accent Lighting
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The right hand side office is located on the second floor, the layout of the office is large and square in shape. Access to the office is through a communal entrance. The office suite benefits from carpet tiles, strip lighting, and storage wall. The window provides a pleasant outlook over North Street. Rent of £425 per month inclusive of electricity, building insurance and water. Tenants will be responsible for payments of business rates, telephone and internet services. The first three months’ rent is payable in advance
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste Front RHS | 218 SF | Office | Partial Build-Out | Now |
2nd Fl-Ste Front RHS
| Size |
| 218 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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