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The Old Bank 8 Market Sq 2,523 SF 100% Leased Retail Building Westerham TN16 1GW $1,978,602 ($784.23/SF) 6.21% Cap Rate
INVESTMENT HIGHLIGHTS
- Ground Floor and Part Basement let to Turley Holdings Limited who trade as ‘The Old Bank’with 18 Years unexpired term let at £55,000 per annum exclusi
- Great transport links
- The property comprise of a former banking hall originally constructed in the mid 19th Century
EXECUTIVE SUMMARY
Proposal
Offers of £1,485,000 (One Million and Four Hundred and Eighty Five Thousand Pounds) subject to contract for the freehold interest in the entire property, which reflects an attractive net initial yield of approximately 6.21% after deducting normal purchasers costs.
Offers of £1,485,000 (One Million and Four Hundred and Eighty Five Thousand Pounds) subject to contract for the freehold interest in the entire property, which reflects an attractive net initial yield of approximately 6.21% after deducting normal purchasers costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,523 SF
Building Class
B
Year Built
1900
Price
$1,978,602
Price Per SF
$784.23
Cap Rate
6.21%
NOI
$122,871
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Lot Size
1,000.00 AC
Frontage
35’ on Market Square
AMENITIES
- Courtyard
- Energy Performance Rating - E
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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The Old Bank | 8 Market Sq
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