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Motorline BYD/ Hyundai/Cinch Bircholt Rd 30,957 SF Retail Building Maidstone ME15 9YN $9,369,495 ($302.66/SF) 8.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Neighboured by prominent National and International retailers
- Good road links via M20
- Extensive external car parking
EXECUTIVE SUMMARY
Offers in excess of £7,460,000, subject to contract and exclusive of VAT, to show a NIY of 8% off the topped rent of £636,534 pa, assuming purchaser’s costs of 6.66%.
For the year ending 31 March 2024, the Company reported turnover of £1.443 billion (£1.401 billion to March 2023), a pretax profit of £2,918,000 (£13,605,000 to March 2023) and shareholder’s funds of £79,139,000 (£87,181,000 to March 2023). The company has an Experian rating of 100, representing a Very Low Risk.
For the year ending 31 March 2024, the Company reported turnover of £1.443 billion (£1.401 billion to March 2023), a pretax profit of £2,918,000 (£13,605,000 to March 2023) and shareholder’s funds of £79,139,000 (£87,181,000 to March 2023). The company has an Experian rating of 100, representing a Very Low Risk.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Dealership
Building Size
30,957 SF
Building Class
B
Year Built/Renovated
2000/2016
Price
$9,369,495
Price Per SF
$302.66
Cap Rate
8.53%
NOI
$799,218
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
2.18 AC
Parking
174 Spaces (5.62 Spaces per 1,000 SF Leased)
Frontage
181’ on Bircholt Road
AMENITIES
- 24 Hour Access
- Bus Line
- Fenced Lot
- Freeway Visibility
- Security System
- Signage
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NEARBY MAJOR RETAILERS
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Motorline BYD/ Hyundai/Cinch | Bircholt Rd
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