Station Rd - Storefront Retail/Residential CONDO FOR SALE


Hook, HAM RG27 9HF
$410,000 USD
Station Rd, Hook, HAM for Sale
$410,000 USD
Storefront Retail/Residential CONDO - FOR SALE
1/2
null | 3.32% Cap Rate

Station Rd
Hook, HAM RG27 9HF


HIGHLIGHTS

  • Affluent location near J5 M3 Motorway
  • Property forms part of a popular retail / residential parade at the junction of Station Road and London Road
  • Excellent road links to London, the South Coast and the West
  • Hook mainline station is within easy walking distance and provides a frequent service to London (Waterloo) with a journey time of approximately 45 min

OVERVIEW

Investment retail unit for sale. The retail premises is let to Toucan Travel, which was acquired by Travel Corp Midlands Limited. The lease is granted for a term of 6 years, from 18th March 2021. The current passing rent for the shop is £13,600 per annum exclusive, payable quarterly in advance. From 18th March 2024 to 17th March 2025 the rent will increase to £15,000 per annum exclusive of VAT and other outgoings, then from 18th March 2025 to 17th March 2026 the rent will be £16,000 per annum exclusive of VAT and other outgoings, then from 18th March 2026 and onwards the rent will be £17,000 per annum exclusive of VAT and other outgoings. The flat is let at £1,150.00 per calendar month on a 12 month AST

FOR SALE DETAILS

PRICE

$410,000 USD

PRICE/SF

$289 USD /SF

CAP RATE

3.32%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Parade

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

1,417 SF

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,511 SF

ZONING

-

APN/PARCEL ID

HP402230

ASK ABOUT THIS PROPERTY

Nick ReeveCurchod & CoMore Info

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Nick ReeveCurchod & CoMore Info

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