2 Loose Rd 4,460 SF Retail Building Maidstone ME15 7TY £1,135,000 (£254.48/SF) 5.75% Net Initial Yield
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.
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
£254.48
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
1 of 1
NEARBY MAJOR RETAILERS
CONTACTS
-
Andrew Armiger -
Tim Wilkinson -
Bob Cattaneo -
Adam Soliman -
Cattaneo Commercial Ltd
