Freehold Investment Opportunity In Kettering For Sale
- Asking Price: £300,000
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.
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
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.