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6 Stakes Hill Rd 6,170 sq ft Retail Property Waterlooville PO7 7HY £815,000 (£132.09/sq ft) 5.75% Net Initial Yield

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Investment Highlights

Excellent private investor opportunity.
Let to the very strong covenant of Kwik-Fit (UK) Limited.
6,170 sq. ft. on a site of 0.24 acres.
Freehold.
This reflects a net initial yield of 5.75%, assuming purchaser's costs of 5.75%.

Well-located roadside investment.
Initial passing rent £50,000 p.a.
Nearby occupiers include Home Bargains, CEF, Enterprise Rent-a-Car, Wolseley and Howdens.
Quoting £815,000 subject to contract and exclusive of VAT.

Executive Summary

The freehold of this investment opportunity is available for the guide price of £815,000, providing a yield of 5.75%.

Marketing Brochure/Flyer

Property Facts

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Vehicle Repair Garage

Property Size

6,170 sq ft

Costar Property Class

Year Built

1982

Price

£815,000

Price per sq ft

£132.09

Yield

5.75%

NOI

£46,863

Tenancy

Single

Number of Floors

Plot ratio

0.59

Total Plot Size

0.24 ac

Parking

7 Spaces (1.13 Spaces per 1,000 sq ft Leased)

Frontage

48 ft on Stakes Hill Road

Skylights

Storage Space

Major Tenants

Service type
5,173 sq ft
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Kwik Fit began in 1971, when the first centre opened in Edinburgh, and the business has since grown into a broad automotive servicing and repair chain. The company provides tyres, tyre repair and replacement, brakes, exhausts, batteries, MOT testing, car servicing and air conditioning recharge across the United Kingdom. Kwik Fit also supports motorists through related mobility services, including bike repairs in partnership with Fettle. The business is a major fast-fit provider with a wide service offering for private drivers and vehicle maintenance needs.