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The property comprises a high yielding retail investment forming part of a popular local parade.
Arranged as a ground floor retail unit, the property is fully let to Dawkins and Lodge Limited on a 10 year lease expiring 02.08.2029 paying £15,500 per annum.
The tenant is a long standing occupier of 15+ years and we consider the property may offer asset management potential renewal. There may also be potential to improve rents, with the 2024 rent review outstanding.
The property occupies a prominent pitch and forms part of a popular parade fronting The Marsh in the retail heart of Hythe. the surrounding area is characterised by similar retail uses with a local and national occupiers.
Tenure
Freehold
Rent