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143-147 Mortimer St 6,156 SF 100% Leased Retail Building Herne Bay CT6 5HA $732,815 ($119.04/SF) 9.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Comprises a ground floor shop and first floor flat
- Well located in popular tourist town
- Shop let to Savers Health & Beauty Limited on a new 5 year lease
EXECUTIVE SUMMARY
Lot 16 is available for sale at an Allsop online auction to be held on Tuesday 30th September 2025.
The property comprises an investment opportunity for sale.
The asking price is £550,000, representing a gross initial yield of 9.18%.
The property comprises an investment opportunity for sale.
The asking price is £550,000, representing a gross initial yield of 9.18%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
6,156 SF
Building Class
B
Year Built
1920
Price
$732,815
Price Per SF
$119.04
Cap Rate
9.18%
NOI
$67,272
Percent Leased
100%
Building Height
2 Stories
AMENITIES
- Signage
- Storage Space
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NEARBY MAJOR RETAILERS
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143-147 Mortimer St
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