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6 Quinneys Pl

2,906 SF Retail Building Whitstable CT5 2GT $1,016,045 ($350/SF) 6.32% Cap Rate

Investment Highlights

  • Strong covenant with guarantor
  • Prominent roadside site with good road connections to London
  • Leased for 16 yrs unexpired, first break in 2036
  • Adjacent KFC and McDonald’s drive-thru’s, a Marston pub and opposite a Costa Coffee drive-thru

Executive Summary

Offers are invited in excess of £825,000 exclusive of VAT.
A purchase at £825,000 would reflect a net initial yield of 6.32% (allowing for purchaser’s costs at 5.53%) [TOGC].

Attachments

Brochure

Property Facts Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Retail
Building Size
2,906 SF
Building Class
B
Year Built
2018
Price
$1,016,045
Price Per SF
$350
Cap Rate
6.32%
NOI
$64,214
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.35 AC
Parking
10 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
26 FT on Quinneys Pl

Nearby Major Retailers

Sainsbury's
Costa Coffee
Londis
Hungry Horse
Starbucks
Tesco Extra
  • Listing ID: 33544889

  • Date on Market: 10/17/2024

  • Last Updated:

  • Address: 6 Quinneys Pl, Whitstable CT5 2GT

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