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160 High St 2,059 sq ft Retail Property Herne Bay CT6 5AJ £90,000 (£43.71/sq ft) 15.00% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Town centre location
- Tourist trade from nearby beach
- Good passing traffic and footfall
EXECUTIVE SUMMARY
The premises are arranged over two floors providing eighty covers. The traditional wood-fired pizza oven is in full show, situated front and centre of the ground floor. In additional is a fully fitted commercial kitchen and bar serving area.
The business has been trading for 11 years and was the first Pizza Restaurant in the UK to meet with the strict guidelines of the Associazione Varace Pizza Napoletana - meeting the strict standards of traditional Neapolitan Pizza.
The business has been trading for 11 years and was the first Pizza Restaurant in the UK to meet with the strict guidelines of the Associazione Varace Pizza Napoletana - meeting the strict standards of traditional Neapolitan Pizza.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,059 sq ft
Costar Property Class
B
Year Built
1900
Price
£90,000
Price per sq ft
£43.71
Yield
15.00%
NOI
£13,500
Tenancy
Single
Number of Floors
2
Plot ratio
0.82
Total Plot Size
0.06 ac
Frontage
43 ft on High Street
AMENITIES
- Signage
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NEARBY MAJOR RETAILERS
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160 High St
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