Freehold Retail Investment Property - Maidstone. Kent

Business Description

ADVERT TEXT
RETAIL INVESTMENT FOR SALE
(4 LOCK UP RETAIL UNITS WITH TENANTS)

LOCATION
The building is situated in a densely populated residential area of Allington on Hildenborough Crescent, between London Road (A20) and Castle Road, north west of Maidstone town centre. Nearby occupiers include a DFS Sofa Store, Waitrose & Partners Convenience Store, Papa Johns Pizza, M & S Simply Food and Sir Thomas Wyatt Beefeater, together with a good mix of other independent and local traders. Barming mainline railway station is approximately 1.5 miles away, providing services to London Victoria, Ashford International and Ramsgate. There are also buses serving the area located nearby on London Road (A20).

TURNOVER
Current income £10,000 pa for each unit = £40,000 pa in total.

PREMISES
Detached mixed-use building arranged over three floors, comprising four shops on the ground floor, a rear car park, 5 garages/stores with flats above.
Shop number 1 is let to Little Lew’s Kitchen and shop number 4 is let to Ashton Lewis Kitchens.
Shop 2&3 are let to Hildenborough Crecent Mini Market

Shop no. 1 36.23 m2 390 ft2
Shop no. 2 36.23 m2 390ft2
Shop no. 3 36.23 m2 390ft2
Shop no. 4 36.23 m2 390 ft2

TOTAL 144.92 m2 1,560 ft2 -.-.-.

OBSERVATIONS
PLEASE NOTE THAT 3 OF THE FLATS ABOVE ARE ALSO AVAILABLE.
EACH IS A SELF CONTAINED 3 BED MAISONETTE. ASKING PRICE £245,000 EACH

TENURE
Freehold. We are advised that shops 1 - 4 are all let on licence agreements, with a rolling three month notice period, each at passing rents of £10,000 per annum (each unit).

EPC RATING
TBA

*PLEASE NOTE THAT 3 OF THE FLATS ABOVE ARE ALSO AVAILABLE.
EACH IS A SELF CONTAINED 3 BED MAISONETTE. ASKING PRICE £245,000 EACH

Property Information

Property:

Freehold

Location:

The building is situated in a densely populated residential area of Allington on Hildenborough Crescent, between London Road (A20) and Castle Road, north west of Maidstone town centre. Nearby occupiers include a DFS Sofa Store, Waitrose & Partners Convenience Store, Papa Johns Pizza, M & S Simply Food and Sir Thomas Wyatt Beefeater, together with a good mix of other independent and local traders. Barming mainline railway station is approximately 1.5 miles away, providing services to London Victoria, Ashford International and Ramsgate. There are also buses serving the area located nearby on London Road (A20).

Premises details:

Detached mixed-use building arranged over three floors, comprising four shops on the ground floor, a rear car park, 5 garages/stores with flats above. Shop number 1 is let to Little Lew’s Kitchen and shop number 4 is let to Ashton Lewis Kitchens. Shop 2&3 are let to Hildenborough Crecent Mini Market Shop no. 1 36.23 m2 390 ft2 Shop no. 2 36.23 m2 390ft2 Shop no. 3 36.23 m2 390ft2 Shop no. 4 36.23 m2 390 ft2 TOTAL 144.92 m2 1,560 ft2 N.I.A.

Other Information

Furniture / Fixtures value:

Undisclosed

Inventory / Stock value:

Undisclosed