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90 Week St 2,964 SF Retail Building Maidstone ME14 1RL $1,063,299 CAD ($358.74 CAD/SF) 8.31% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime freehold retail investment.
- Current rent of £50,000 per annum.
- Established tenant in occupation for 10 years.
- Entire property let to SFJ Property & Equipment Ltd.
- Offers in region of £575,000 (8.31% NIY).
- EPC Rating - B (38).
EXECUTIVE SUMMARY
A prime retail unit over ground and first floor. The property is currently used as a sunbed salon with multiple partitioned tanning booths across both floors. The property also benefits from rear vehicular access and 2 parking spaces. There is also an external staircase to the rear of the property giving excellent flexibility for future uses with the ability to convert or sub-let the upper floor.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront
Building Size
2,964 SF
Building Class
B
Year Built
1932
Price
$1,063,299 CAD
Price Per SF
$358.74 CAD
Cap Rate
8.31%
NOI
$88,360 CAD
Tenancy
Single
Building Height
2 Stories
Parking
2 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
24’ on Week Street
AMENITIES
- Signage
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Absolutely Fabulous Tanning
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Absolutely Fabulous Tanning | - | - | - | - |
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NEARBY MAJOR RETAILERS
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90 Week St
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