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93 93A High St 816 sq ft Retail Property Hythe CT21 5JH £350,000 (£428.92/sq ft) 6.57% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Grade II Listed Building for Investment An opportunity to purchase a 2 shops, 2 flats and 2 garages in the centre of Hythe High St
- The ground floor shops benefit from LED strip Lighting with a plasterboard ceiling within the RHS and the LHS benefits from a suspended ceiling
- shops on the ground floor with a single glazed frontage and a separate access to the flats on the first and second floor via the courtyard garden to
EXECUTIVE SUMMARY
Motis Estates are proud to offer two shops, and a 2 x 2 Bedroom Flats with 2 garages at the rear in Hythe High Street. The investment is currently occupied and will be sold with tenants in situ.
Situated on the High Street, there are numerous retail outlets such as WH Smiths, Boots, Iceland and several independent shops all in the vicinity in the picturesque Cinque Port Town of Hythe, approximately 4 miles from the Channel Tunnel terminal and Folkestone.
Price: Offers in excess of £350,000 (no VAT) Business Rates - Folkestone & Hythe District Council 01303 850388 verbally advise a Rateable Value of LHS - £5,700 and RHS of £9,800 therefore both are eligible under Small Business Rates Relief.
Situated on the High Street, there are numerous retail outlets such as WH Smiths, Boots, Iceland and several independent shops all in the vicinity in the picturesque Cinque Port Town of Hythe, approximately 4 miles from the Channel Tunnel terminal and Folkestone.
Price: Offers in excess of £350,000 (no VAT) Business Rates - Folkestone & Hythe District Council 01303 850388 verbally advise a Rateable Value of LHS - £5,700 and RHS of £9,800 therefore both are eligible under Small Business Rates Relief.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
816 sq ft
Costar Property Class
C
Year Built
1950
Price
£350,000
Price per sq ft
£428.92
Yield
6.57%
NOI
£22,995
Tenancy
Single
Number of Floors
1
Plot ratio
0.40
Total Plot Size
0.05 ac
Frontage
17 ft on High Street
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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93 93A High St
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