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Peter's Village

8,941 SF 100% Leased Retail Building Wouldham ME1 3XJ £2,268,000 (£254/SF) 6.20% Net Initial Yield

Investment Highlights

  • Peters Village is a new development located under 5 miles south west of Rochester, situated in the desirable county of Kent
  • The property produces a total net rental income of £149,500 per annum
  • The whole estate is held Freehold
  • Rare opportunity to acquire a newly built retail parade anchored by the Co-operative
  • Excellent security of income with a WAULT of approximately 12.13 years and 10.03 years to break

Executive Summary

The property comprises a newly built retail parade that includes a foodstore arranged on ground floor, three further retail units and a dentist practice at first floor level.
There are 42 dedicated car parking spaces included within the demise and the total floor area comprises c.8,941 sq ft (830.65 sq m).
The units are serviced to the rear and the asset is anchored by a 4,499 sq ft Co-operative foodstore.
The asset comprises an X acre site that was completed in the last year and gives an attractive modern appearance with glazed frontages on the commercial units on the ground floor with landscaped communal space, car parking and bike space.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
8,941 SF
Building Class
B
Year Built
2014
Price
£2,268,000
Price Per SF
£254
Net Initial Yield
6.20%
NOI
£140,616
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.68
Lot Size
0.30 AC
Frontage
121 ft on Hall Road
  • Listing ID: 33582434

  • Date on Market: 21/10/2024

  • Last Updated:

  • Address: Peter's Village, Wouldham ME1 3XJ

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