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2 Loose Rd

4,460 SF Retail Building Maidstone ME15 7TY £1,135,000 (£254/SF) 5.75% Net Initial Yield

Storefront Properties Kent Maidstone 2 Loose Rd, Maidstone, KEN ME15 7TY

Investment Highlights

  • Prominent Location
  • Parking Available
  • Great Transport Links

Executive Summary

The property is entirely let to Tesco Stores Limited on a 15 year FRI lease expiring 23rd November 2038 - an attractive term of approximately 14.25 years to expiry (9.25 years to break). The current passing rent is £70,000 per annum.

Attachments

2 Loose Road, Maidstone_opt

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
4,460 SF
Building Class
B
Year Built
2005
Price
£1,135,000
Price Per SF
£254
Net Initial Yield
5.75%
NOI
£65,263
Tenancy
Single
Number of Floors
1
Parking
12 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
56 ft on Loose Rd

Amenities

  • Security System
  • Storage Space
  • Air Conditioning
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Nearby Major Retailers

Co-op
Costcutter
Sainsbury's
Perfect Pizza
eurochange
Bakers + Baristas
Chopstix Noodle Bar
Iceland
Curves
SPAR
+44 20 8546 2166

Contacts

  • Listing ID: 33360389

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 2 Loose Rd, Maidstone ME15 7TY

The Retail Property at 2 Loose Rd, Maidstone, ME15 7TY is currently available for sale. Contact Cattaneo Commercial Ltd for more information.

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2 Loose Rd
+44 20 8546 2166 x

2 Loose Rd

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Andrew Armiger

+44 20 8546 2166

+44 20 8546 2166

Tim Wilkinson

+44 20 8481 4745

+44 20 8481 4745

Bob Cattaneo

+44 20 8546 2166

+44 20 8546 2166

Adam Soliman

+44 20 8546 2166

+44 20 8546 2166

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