Motorline BYD/ Hyundai/Cinch Bircholt Rd 30,957 SF Retail Building Maidstone ME15 9YN £7,460,000 (£240.98/SF) 8.53% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Neighboured by prominent National and International retailers
- Good road links via M20
- Extensive external car parking
EXECUTIVE SUMMARY
Offers in excess of £7,460,000, subject to contract and exclusive of VAT, to show a NIY of 8% off the topped rent of £636,534 pa, assuming purchaser’s costs of 6.66%.
For the year ending 31 March 2024, the Company reported turnover of £1.443 billion (£1.401 billion to March 2023), a pretax profit of £2,918,000 (£13,605,000 to March 2023) and shareholder’s funds of £79,139,000 (£87,181,000 to March 2023). The company has an Experian rating of 100, representing a Very Low Risk.
For the year ending 31 March 2024, the Company reported turnover of £1.443 billion (£1.401 billion to March 2023), a pretax profit of £2,918,000 (£13,605,000 to March 2023) and shareholder’s funds of £79,139,000 (£87,181,000 to March 2023). The company has an Experian rating of 100, representing a Very Low Risk.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Dealership
Building Size
30,957 SF
Building Class
B
Year Built/Renovated
2000/2016
Price
£7,460,000
Price Per SF
£240.98
Net Initial Yield
8.53%
NOI
£636,534
Tenancy
Single
Number of Floors
1
Building FAR
0.33
Lot Size
2.18 AC
Parking
174 Spaces
Frontage
181 ft on Bircholt Road
AMENITIES
- 24 Hour Access
- Signage
1 of 1
NEARBY MAJOR RETAILERS
