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6 Stakes Hill Rd 6,170 SF Retail Building Waterlooville PO7 7HY $1,094,386 ($177.37/SF) 5.75% Cap Rate

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Investment Highlights

Excellent private investor opportunity.
Let to the very strong covenant of Kwik-Fit (UK) Limited.
6,170 sq. ft. on a site of 0.24 acres.
Freehold.
This reflects a net initial yield of 5.75%, assuming purchaser's costs of 5.75%.

Well-located roadside investment.
Initial passing rent £50,000 p.a.
Nearby occupiers include Home Bargains, CEF, Enterprise Rent-a-Car, Wolseley and Howdens.
Quoting £815,000 subject to contract and exclusive of VAT.

Executive Summary

The freehold of this investment opportunity is available for the guide price of £815,000, providing a yield of 5.75%.

Marketing Brochure/Flyer

Property Facts

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Auto Repair

Building Size

6,170 SF

Building Class

Year Built

1982

Price

$1,094,386

Price Per SF

$177.37

Cap Rate

5.75%

NOI

$62,927

Tenancy

Single

Building Height

1 Story

Building FAR

0.59

Lot Size

0.24 AC

Parking

7 Spaces (1.13 Spaces per 1,000 SF Leased)

Frontage

48’ on Stakes Hill Road

Skylights

Storage Space

Major Tenants

Services
5,173 SF
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-

Kwik Fit began in 1971, when the first centre opened in Edinburgh, and the business has since grown into a broad automotive servicing and repair chain. The company provides tyres, tyre repair and replacement, brakes, exhausts, batteries, MOT testing, car servicing and air conditioning recharge across the United Kingdom. Kwik Fit also supports motorists through related mobility services, including bike repairs in partnership with Fettle. The business is a major fast-fit provider with a wide service offering for private drivers and vehicle maintenance needs.