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Photo of a real estate agency Photo of a conveniance shop Photo of a business strand Photo of a mobile business Photo of a pub Photo of a coffee shop
 
Advert Ref: N1002

Freehold Retail Investment Property - Maidstone. Kent

  • Maidstone, Kent
Asking price:
£400,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

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 = £20,000 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 numbers 2 & 3 (trading as a convenience store) together with two garages and all of the flats above have been sold off on long leases.

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

TOTAL 72.46 m2 780 ft2 -.-.-.

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

EPC RATING
TBA

Property:
Freehold
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.<br>Shop number 1 is let to Little Lew’s Kitchen and shop number 4 is let to Ashton Lewis Kitchens.<br>Shop numbers 2 & 3 (trading as a convenience store) together with two garages and all of the flats above have been sold off on long leases.<br><br>Shop no. 1 36.23 m2 390 ft2<br>Shop no. 2 & 3 SOLD<br>Shop no. 4 36.23 m2 390 ft2<br><br>TOTAL 72.46 m2 780 ft2 N.I.A.

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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