Under Offer
Freehold Investment Opportunity In Kettering For Sale
Kettering, Northamptonshire
- Asking Price: £300,000
-
Turnover:
N/A as its a Freehold Investment Opportunity.
Yearly rental income of £30,000.
- Tenure: Freehold
Please quote reference B07138
Hilton Smythe welcomes to the market this freehold investment property, which yields an annual turnover of £30,000 per annum from rental income.
This superb investment property benefits from regular rental income from a long-term retail tenant. The tenant Savers, owned by Watson Group, generates an annual turnover in the region of £460million per annum.
The property is in good order, updated to a high standard and in good decorative order.
This is a rare opportunity to purchase a substantial property with a gross yield of 7.6% in a fantastic location. We highly recommend early viewing to fully appreciate.
N/A
N/A
The property is located on the west side of the pedestrianised High Street and is 250 metres from an entrance of the Newlands Shopping Centre.
The property is arranged on ground and one upper floor to provide a ground floor shop with ancillary accommodation above.
- Ground Floor - 209sqm
- First Floor - 178.75sqm
Tenure
We are advised that the investment opportunity is being sold on a Freehold basis. New 5 year lease until 28th November 2027, with yearly rental income of £30,000.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
