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143-147 Mortimer St 6,156 sq ft 100% Let Retail Property Herne Bay CT6 5HA £550,000 (£89.34/sq ft) 9.18% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Comprises a ground floor shop and first floor flat
- Well located in popular tourist town
- Shop let to Savers Health & Beauty Limited on a new 5 year lease
EXECUTIVE SUMMARY
Lot 16 is available for sale at an Allsop online auction to be held on Tuesday 30th September 2025.
The property comprises an investment opportunity for sale.
The asking price is £550,000, representing a gross initial yield of 9.18%.
The property comprises an investment opportunity for sale.
The asking price is £550,000, representing a gross initial yield of 9.18%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
6,156 sq ft
Costar Property Class
B
Year Built
1920
Price
£550,000
Price per sq ft
£89.34
Yield
9.18%
NOI
£50,490
Occupancy Rate
100%
Number of Floors
2
AMENITIES
- Signage
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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143-147 Mortimer St
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