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6 Stakes Hill Rd 6,170 SF Retail Building Waterlooville PO7 7HY $1,517,655 CAD ($245.97 CAD/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Excellent private investor opportunity.
  • Let to the very strong covenant of Kwik-Fit (UK) Limited.
  • 6,170 sq. ft. on a site of 0.24 acres.
  • Freehold.
  • This reflects a net initial yield of 5.75%, assuming purchaser's costs of 5.75%.
  • Well-located roadside investment.
  • Initial passing rent £50,000 p.a.
  • Nearby occupiers include Home Bargains, CEF, Enterprise Rent-a-Car, Wolseley and Howdens.
  • Quoting £815,000 subject to contract and exclusive of VAT.

EXECUTIVE SUMMARY

The freehold of this investment opportunity is available for the guide price of £815,000, providing a yield of 5.75%.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Repair
Building Size
6,170 SF
Building Class
B
Year Built
1982
Price
$1,517,655 CAD
Price Per SF
$245.97 CAD
Cap Rate
5.75%
NOI
$87,265 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.24 AC
Parking
7 Spaces (1.13 Spaces per 1,000 SF Leased)
Frontage
48’ on Stakes Hill Road

AMENITIES

  • Skylights
  • Storage Space

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • -
  • 5,173 SF
  • -
  • -

Kwik Fit provides extensive automotive parts repairs including tyres, brakes, exhausts, MOT testing, car servicing and air conditioning recharge. They are, above all, local people in local garages. Their commitment to quality services stems from the simple foundation that they’re members of communities that they care about. They’re all about honest MOT tests and vehicle services at honest prices. They're the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products from leading manufacturers including Pirelli, Goodyear, Michelin, Continental and Dunlop. With over 600 Centres in the UK you're never far from a Kwik Fit where their teams can help you get back on the road.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
- 5,173 SF - -

NEARBY MAJOR RETAILERS

Pure Gym
Costa Coffee
Iceland
Lloyds Bank Plc
Santander
HSBC
ASDA
Barclays
The Food Warehouse
Sainsbury's
  • Listing ID: 36232958

  • Date on Market: 2025-06-12

  • Last Updated:

  • Address: 6 Stakes Hill Rd, Waterlooville PO7 7HY

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