6A New St | Herne Bay CT6 5AH
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6A New St
Herne Bay CT6 5AH
Retail Property For Sale
Investment Highlights
- Currently let at £12,000 pa.
- Scope for expansion.
- Versatile use.
Executive Summary
Commercial investment opportunity in Herne Bay. Property comprises a 1,500 sqft building over ground and first floors, presently tenanted to a small independent gym operator. Current annual rent received £12,000 per annum. Lease is an annual agreement.There may be scope to increase the sizeof the commercial area or add another floor that is residential STPP. Alternatively with a full change of use the entire building might be suitable for conversion to residential or office use, as it is clearly a very unique space.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
1,500 SF
Building Class
B
Year Built
1906
Price
$246,664
Price Per SF
$164
Cap Rate
7.50%
NOI
$18,500
Tenancy
Single
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.04 AC
Frontage
43 FT on New Street
Amenities
- Storage Space
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