Edmonton House Park Farm Close 8,473 SF Retail Building Folkestone CT19 5DU £900,000 (£106.22/SF) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Well positioned on prominent industrial estate
- Immediate connectivity onto M20
- Ample parking giving a total of 23 spaces on the site
EXECUTIVE SUMMARY
The property is a 5143 sq ft warehouse which has been maintained to a good standard with improvements to both the heating and lighting in previous years.
The property has been let on 9 year lease from January 2023 with a rent review in January 2026 and in 2029. The current passing rent is £43,000 excl VAT.
The property has been let on 9 year lease from January 2023 with a rent review in January 2026 and in 2029. The current passing rent is £43,000 excl VAT.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Repair
Building Size
8,473 SF
Building Class
B
Year Built
1980
Price
£900,000
Price Per SF
£106.22
Net Initial Yield
6.50%
NOI
£58,500
Tenancy
Single
Number of Floors
1
Building FAR
0.37
Lot Size
0.52 AC
Parking
8 Spaces (1.56 Spaces per 1,000 SF Leased)
Frontage
60 ft on Park Farm Cl
AMENITIES
- Signage
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Kris Foster -
Motis Estates
