Shop for sale

Scope, Sittingbourne


£200,000
S.O.A.

Description

Basic Facts

Status: Available
Type: Retail - other
Tenure: Virtual Freehold (999 years)
Gross Rent: £ 12,000
Gross Yield %: 6.9
Lease Term: 10 years from Sept '14
VAT applicable: No

Features

- Blue-chip tenant
- Good location
- No VAT applicable
- Under £500k
- Virtual Freehold

Property Description

* Virtual freehold shop investment
* Town centre position close to car parks
* The property is arranged on ground and one upper floor to form a shop unit with ancillary storage accommodation on the first floor.

Location Description

* Sittingbourne, with a population of some 38,000, is located on the A2 some 45 miles south-east of London and 12 miles from Maidstone.
* Access is provided by way of the A249 to Junction 5 of the motorway.
* The property is situated just off the High Street.
* Roman Square is a pedestrianised link through to one of the main town centre car parks.
* Occupiers close by include 99p stores, WH Smith, Clinton Cards, Wimpy, Betfred, H Samuel and Barclays Bank.

Additional Notes

* The property is held on a 999 year lease from Sep ’91 at a fixed peppercorn rent

Categories

ShopsHigh Street Retail PropertyInvestment PropertyCommercial Investment Property
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