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77 High St

1,500 SF Retail Building New Romney TN28 8AZ £465,000 (£310/SF) 6.02% Net Initial Yield

Investment Highlights

  • Fully let investment opportunity
  • High street location.
  • Well performing business

Executive Summary

This property is being sold as an investment with the tenant business unaffected.

A spacious commercial retail premises with a 3 bedroom flat above in a prominent location on New Romney High Street. The shop is currently let and benefits from a corner position with large display windows to 2 sides. There are also 3 store rooms, a kitchenette and a wc. To the rear of the property is a courtyard area providing off road parking.

The flat above the shop was refurbished in 2022 and is also currently let. The flat is access via an external staircase to the rear and the accommodation comprises an entrance hall, living room, kitchen, bathroom, en suite shower room and 3 bedrooms. The flat also benefits from double glazing, gas central heating and a roof terrace garden.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,500 SF
Year Built
1950
Price
£465,000
Price Per SF
£310
Net Initial Yield
6.02%
NOI
£28,000
Tenancy
Single
Number of Floors
1
Building FAR
0.83
Lot Size
0.04 AC
Frontage
38 ft on High Street

Amenities

  • 24 Hour Access

Nearby Major Retailers

The Co-operative Food
Sainsbury's
  • Listing ID: 33405933

  • Date on Market: 04/10/2024

  • Last Updated:

  • Address: 77 High St, New Romney TN28 8AZ

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