26 Week St 3,800 SF Retail Building Maidstone ME14 1RN £1,135,000 (£298.68/SF) 7.49% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Good road links
- Close proximity to local amenities
- Good transport links
EXECUTIVE SUMMARY
We are seeking a price of £1,135,000 subject to contract and exclusive of VAT, to reflect a NIY of 7.49% after allowing for purchasers costs.
Prime high street retail investment on busiest section of Week Street, let to The Works Stores Ltd for a term of 5 years from March 2021 (no breaks) on a recently rebased rent of £90,000 per annum.
Prime high street retail investment on busiest section of Week Street, let to The Works Stores Ltd for a term of 5 years from March 2021 (no breaks) on a recently rebased rent of £90,000 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,800 SF
Building Class
B
Year Built
1934
Price
£1,135,000
Price Per SF
£298.68
Net Initial Yield
7.49%
NOI
£85,012
Tenancy
Single
Number of Floors
3
Building FAR
2.91
Lot Size
0.03 AC
Frontage
27 ft on Week Street
AMENITIES
- Security System
- Signage
- EPC - B
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
