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1-2 Strand Ct 837 sq ft Retail Unit Offered at £195,000 in Rye TN31 7AY
INVESTMENT HIGHLIGHTS
- Close to Rye town centre
- local retailers and restaurateurs located close to the river
- short walk to the main retail High Street
EXECUTIVE SUMMARY
The property is located in the historic town of Rye occupying a prime trading position adjacent to Strand Quay.
PROPERTY FACTS
| Total Property Size | 920 sq ft | Typical Floor Size | 920 sq ft |
| Property Type | Retail (Unit) | Year Built | 1988 |
| Property Subtype | Shopfront Retail / Residential | Tenancy | Single |
| Costar Property Class | B | Total Plot Size | 0.66 ac |
| Floors | 1 |
| Total Property Size | 920 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 920 sq ft |
| Year Built | 1988 |
| Tenancy | Single |
| Total Plot Size | 0.66 ac |
AMENITIES
- EPC - E
- Air Conditioning
1 UNIT AVAILABLE
Unit 1
| Unit Size | 837 sq ft | Sale Type | Investment |
| Price | £195,000 | Tenure | Long Leasehold |
| Price Per sq ft | £232.97 | Net Initial Yield | 7.69% |
| Unit Use | Retail | NOI | £14,995.50 |
| Unit Size | 837 sq ft |
| Price | £195,000 |
| Price Per sq ft | £232.97 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 7.69% |
| NOI | £14,995.50 |
DESCRIPTION
This tenanted Rye modern shop unit is available as an investment.
SALE NOTES
The current rent is £15,000pa on a full repairing and insuring lease from 2nd October 2023. The tenant has a break clause at the third anniversary.
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NEARBY MAJOR RETAILERS
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1-2 Strand Ct
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