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160 High St 2,059 SF Retail Building Herne Bay CT6 5AJ $119,915 ($58.24/SF) 15.00% Cap Rate
INVESTMENT HIGHLIGHTS
- Town centre location
- Tourist trade from nearby beach
- Good passing traffic and footfall
EXECUTIVE SUMMARY
The premises are arranged over two floors providing eighty covers. The traditional wood-fired pizza oven is in full show, situated front and centre of the ground floor. In additional is a fully fitted commercial kitchen and bar serving area.
The business has been trading for 11 years and was the first Pizza Restaurant in the UK to meet with the strict guidelines of the Associazione Varace Pizza Napoletana - meeting the strict standards of traditional Neapolitan Pizza.
The business has been trading for 11 years and was the first Pizza Restaurant in the UK to meet with the strict guidelines of the Associazione Varace Pizza Napoletana - meeting the strict standards of traditional Neapolitan Pizza.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,059 SF
Building Class
B
Year Built
1900
Price
$119,915
Price Per SF
$58.24
Cap Rate
15.00%
NOI
$17,987
Tenancy
Single
Building Height
2 Stories
Building FAR
0.82
Lot Size
0.06 AC
Frontage
43’ on High Street
AMENITIES
- Signage
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NEARBY MAJOR RETAILERS
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160 High St
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