Spanning 2,369 sq ft of retail space fully let to gift retailer Between the Lines and café Coffee Pad, and also including a self-contained 2-bed flat above one of the commercial units which is let on an AST, this freehold property offers investors a combined rental income of £71,000 per annum.
Located on Sayers Lane – which connects the picturesque High Street with a large Waitrose store and the town’s key car park – the property is able to tap into Tenterden’s affluent and loyal catchment population, which is over-represented by those within the highest AB and C1 social categories.
The town’s location on the A28 also affords it excellent connections with Ashford, Canterbury and the M20 motorway, while London is accessible in just 36 minutes via rail.
FMX's Graham Fawcett and Patrick Kilvington have been instructed by our client, Glenstone REIT plc, to seek offers in excess of £995,000 for 6/8 Sayers Lane, reflecting a net initial yield of 6.75%.
Take a look at the brochure below, and then get in touch to find out more details.
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