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143c Sevenoaks High Street, Sevenoaks, Kent, TN13 1UY

For Sale - £500,000 Offer in Excess of

Interested in this property?

01233 629281

Location

The property is located in a prominent retailing position on the West side of Sevenoaks High Street at its junction with Pembroke Road. Sevenoaks is an affluent market town in Kent which is highly attractive to commuters. Nearby occupiers include Wagamama, Pizza Express, M&S, Tesco and Costa. The town is located just outside the M25, 40 miles south-east of Central London, 18 miles west of Maidstone and 14 miles north of Royal Tunbridge Wells. Road communications are excellent with the A25 3 miles to the north-west providing direct access to the M25. Rail services to London Charing Cross, Blackfriars and London Bridge provide frequent services to Central London with a journey time of 22 minutes.

Description

The property is a three storey end of terrace premises of frame construction with brick elevations beneath a flat roof. The premises comprise a single ground floor lock-up shop of 1,598 sq. ft. with return frontage occupied by A-Plan Holdings t/a A-Plan Insurance at a passing rent of £36,250 pax. The upper 2 floors consists of 6 residential flats accessed via a communal staircase to the rear, all of which are let on long leaseholds currently generating ground rents of £100 per annum per flat.

At A Glance

  • Prominent Freehold Retail Investment
  • Approximately 6 years unexpired
  • Producing income of £36,850 per annum
  • GIY of approximately 7.37%
  • Prominent retail location on Sevenoaks High Street
  • Good covenant strength
  • Offers in excess of £500,000
  • 6 residential flats

Property Contact Details

Photo ofJoel Wyatt BSc (Hons) MSc

Joel Wyatt BSc (Hons) MSc - Surveyor

Taylor Riley Office

Joel.wyatt@sibleypares.co.uk

01233 629281

07896849786

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