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1-2 Strand Ct 837 SF Retail Condo Unit Offered at $259,816 in Rye TN31 7AY
INVESTMENT HIGHLIGHTS
- Close to Rye town centre
- local retailers and restaurateurs located close to the river
- short walk to the main retail High Street
EXECUTIVE SUMMARY
The property is located in the historic town of Rye occupying a prime trading position adjacent to Strand Quay.
PROPERTY FACTS
| Total Building Size | 920 SF | Typical Floor Size | 920 SF |
| Property Type | Retail (Condo) | Year Built | 1988 |
| Property Subtype | Storefront Retail/Residential | Tenancy | Single |
| Building Class | B | Lot Size | 0.66 AC |
| Floors | 1 |
| Total Building Size | 920 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 920 SF |
| Year Built | 1988 |
| Tenancy | Single |
| Lot Size | 0.66 AC |
AMENITIES
- Energy Performance Rating - E
- Air Conditioning
1 UNIT AVAILABLE
Unit 1
| Unit Size | 837 SF | Sale Type | Investment |
| Price | $259,816 | Tenure | Long Leasehold |
| Price Per SF | $310.41 | Cap Rate | 7.69% |
| Condo Use | Retail | NOI | $19,979.88 |
| Unit Size | 837 SF |
| Price | $259,816 |
| Price Per SF | $310.41 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.69% |
| NOI | $19,979.88 |
DESCRIPTION
This tenanted Rye modern shop unit is available as an investment.
SALE NOTES
The current rent is £15,000pa on a full repairing and insuring lease from 2nd October 2023. The tenant has a break clause at the third anniversary.
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NEARBY MAJOR RETAILERS
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1-2 Strand Ct
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