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16-18 North St

1,914 SF 89% Leased Office Building Ashford TN24 8JR $606,053 CAD ($317 CAD/SF) 9% Cap Rate

Investment Highlights

  • Attractive mid terraced, three storey Grade II listed building
  • A short walk from the Ashford High Street
  • Good investment opportunity or potential for residential redevelopment

Executive Summary

This is an attractive mid terraced, three storey Grade II listed building which provides 1,914sq. ft. of accommodation over four floors. It provides a good investment opportunity or potential for residential redevelopment with the possibility of creating 2 self contained flats (1 on each floor), which could generate an income in the region of £18,500 per annum, subject to gaining the necessary consents.

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
1,914 SF
Building Class
B
Year Built
1898
Price
$606,053 CAD
Price Per SF
$317 CAD
Cap Rate
9%
NOI
$54,545 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
479 SF
Slab To Slab
9’
Building FAR
1.10
Land Acres
0.04 AC

Amenities

  • Banking
  • Controlled Access
  • Convenience Store
  • Security System
  • Accent Lighting

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste Front RHS
  • 218 SF
  • Office
  • Partial Build-Out
  • Now

The right hand side office is located on the second floor, the layout of the office is large and square in shape. Access to the office is through a communal entrance. The office suite benefits from carpet tiles, strip lighting, and storage wall. The window provides a pleasant outlook over North Street. Rent of £425 per month inclusive of electricity, building insurance and water. Tenants will be responsible for payments of business rates, telephone and internet services. The first three months’ rent is payable in advance

Space Size Space Use Condition Available
2nd Fl-Ste Front RHS 218 SF Office Partial Build-Out Now

2nd Fl-Ste Front RHS

Size
218 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste Front RHS

Size 218 SF
Space Use Office
Condition Partial Build-Out
Available Now

The right hand side office is located on the second floor, the layout of the office is large and square in shape. Access to the office is through a communal entrance. The office suite benefits from carpet tiles, strip lighting, and storage wall. The window provides a pleasant outlook over North Street. Rent of £425 per month inclusive of electricity, building insurance and water. Tenants will be responsible for payments of business rates, telephone and internet services. The first three months’ rent is payable in advance

  • Listing ID: 27449957

  • Date on Market: 2023-01-06

  • Last Updated:

  • Address: 16-18 North St, Ashford TN24 8JR

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