93-95 High St
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93-95 High St
2,060 SF 100% Leased Office Building Tonbridge TN9 1DR $538,980 CAD ($262 CAD/SF) 7% Cap Rate
Investment Highlights
- Freehold investment for sale
- Good access to the A21
- Prominent high street position
Executive Summary
The property comprises a mid terraced, mixed use investment building with the ground floor commercial unit currently let Ellis & Co and three 1 bed flats on the upper floors all to be sold on long leaseholds.
The ground floor provides an open plan office accommodation with a mezzanine level of offices to the rear and storage or garaging.
We are led to believe the upper floors were converted from offices to residential c5 years ago to create three apartments, all of which are accessed to off the High Street.
The ground floor provides an open plan office accommodation with a mezzanine level of offices to the rear and storage or garaging.
We are led to believe the upper floors were converted from offices to residential c5 years ago to create three apartments, all of which are accessed to off the High Street.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
2,060 SF
Building Class
B
Year Built
1905
Price
$538,980 CAD
Price Per SF
$262 CAD
Cap Rate
7%
NOI
$37,729 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
687 SF
Slab To Slab
10’
Parking
1 Space (0.49 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Convenience Store
- Signage
- Storage Space
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93-95 High St
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