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1-3 Dorset St 989 sq ft 100% Let Retail Property Sevenoaks TN13 1LL £350,000 (£353.89/sq ft)
INVESTMENT HIGHLIGHTS
- Town Centre Investment
- Asset Management Opportunity
- Current Income £30,500 pax
- Virtual Freehold
EXECUTIVE SUMMARY
TENANCIES
1 Dorset Street: Let to Chic et Tralala Ltd for a term of 5 years from August 2023 at a rent of £17,000 per annum.
2-3 Dorset Street: Let to TJ’s E Cigarettes Ltd on a tenancy at will at a rent of £13,500 per annum.
TENURE
The property is held on a 999 year lease from September 2016 at a peppercorn rent.
Situated on the northern side of the semi-pedestrianised Dorset Street, in the heart of the town centre.
Occupiers/retailers in the vicinity include Hamptons International, Sevenoaks Travel, Toni & Guy and Giggling Squid.
Comprises the ground floor and basement of this attractive Grade II listed town centre building.
Sevenoaks is a highly attractive and thriving market town, located approximately 21 miles south east of Central London.
Vacancy rates in the town are extremely low, giving the purchaser the opportunity to let the units on their own terms.
1 Dorset Street: Let to Chic et Tralala Ltd for a term of 5 years from August 2023 at a rent of £17,000 per annum.
2-3 Dorset Street: Let to TJ’s E Cigarettes Ltd on a tenancy at will at a rent of £13,500 per annum.
TENURE
The property is held on a 999 year lease from September 2016 at a peppercorn rent.
Situated on the northern side of the semi-pedestrianised Dorset Street, in the heart of the town centre.
Occupiers/retailers in the vicinity include Hamptons International, Sevenoaks Travel, Toni & Guy and Giggling Squid.
Comprises the ground floor and basement of this attractive Grade II listed town centre building.
Sevenoaks is a highly attractive and thriving market town, located approximately 21 miles south east of Central London.
Vacancy rates in the town are extremely low, giving the purchaser the opportunity to let the units on their own terms.
PROPERTY FACTS
Sale Type
Investment
Property Type
Tenure
Long Leasehold
Property Size
989 sq ft
Costar Property Class
C
Year Built
1750
Price
£350,000
Price per sq ft
£353.89
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Chic Et Tralala
- Manufacturing
- -
- -
- Aug 2028
- TJ Cigarettes
- Retailer
- -
- -
- Dec 2027
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Chic Et Tralala | Manufacturing | - | - | Aug 2028 | ||
| TJ Cigarettes | Retailer | - | - | Dec 2027 |
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NEARBY MAJOR RETAILERS
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1-3 Dorset St
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