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The Old Bank 8 Market Sq 2,523 sq ft 100% Let Retail Property Westerham TN16 1GW £1,485,000 (£588.59/sq ft) 6.21% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Ground Floor and Part Basement let to Turley Holdings Limited who trade as ‘The Old Bank’with 18 Years unexpired term let at £55,000 per annum exclusi
- Great transport links
- The property comprise of a former banking hall originally constructed in the mid 19th Century
EXECUTIVE SUMMARY
Proposal
Offers of £1,485,000 (One Million and Four Hundred and Eighty Five Thousand Pounds) subject to contract for the freehold interest in the entire property, which reflects an attractive net initial yield of approximately 6.21% after deducting normal purchasers costs.
Offers of £1,485,000 (One Million and Four Hundred and Eighty Five Thousand Pounds) subject to contract for the freehold interest in the entire property, which reflects an attractive net initial yield of approximately 6.21% after deducting normal purchasers costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,523 sq ft
Costar Property Class
B
Year Built
1900
Price
£1,485,000
Price per sq ft
£588.59
Yield
6.21%
NOI
£92,219
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Total Plot Size
1,000.00 ac
Frontage
35 ft on Market Square
AMENITIES
- Courtyard
- EPC - E
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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The Old Bank | 8 Market Sq
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