Investment & Financial services for sale in Maidstone

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Freehold Parade With Pp Orpington Kent For Sale

Maidstone, Kent, England

  • Freehold Price: £875,000
Seller Reference: 3200
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Business Description
 
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Seller Reference: 3200
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Business Description
A parade of 3 shops (William Hill = £8,750, Cafe = £8,500 and a double fronted convenient shop = £13,500) Total Income of £30,750 with the freehold of 4 flats above which have been sold off on a long leasehold, with an income of £2,000 ground rent. Total income = £32,750. Purchase price of Commercial Parade on its own = £600,000

Yard at the rear with planning permission for 2 x 2 bedroom and 1x 4 bedroom houses. Re - sale of £700,000 (£200,000 x2 + £300,000). Build cost = £300,000. Purchase Price = £275,000

Purchase price for total freehold interest (commercial parade and land with p.p = £875,000)
Tenure:
Freehold
Listed by:
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