Investment Opportunity In Prime Location!
Miles and Barr Commercial are delighted to introduce to the market, this freehold investment opportunity, situated on the popular William Street, Herne Bay.
The property comprises, a ground floor commercial lock up shop, currently “Mr Simms Sweet Shop” of which had over 70 stores in the UK and has been trading since 2004. The shop is let on an original ten year lease of which has approximately two and a half years remaining, with the rental income £791.66pcm. The shop has a ground floor sales area, two large storage rooms and a rear kitchenette and WC.
The upstairs two bedroom residential flat has recently undergone a high standard refurbishment and is currently let on an AST at £795pcm. Alongside the two bedrooms, the flat also has a large lounge/diner room, a kitchenette and a WC/Shower room. The property will be sold with both tenants in situ as an investment.
Rateable Value: £6,900
Viewings strictly by appointment only.
These property details are yet to be approved by the vendor.
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity provided by Lifetime Legal. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, directly to Lifetime Legal, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
|Ground Floor Sales Area||39' 8" x 13' 9" (12.10m x 4.20m)|
|Rear Store Room||12' 6" x 14' 5" (3.80m x 4.40m)|
|Store Room With Kitchenette||8' 10" x 17' 5" (2.70m x 5.30m)|
|Rear Store Room||13' 1" x 6' 7" (4.00m x 2.00m)|
|First Floor Lounge||15' 1" x 13' 5" (4.60m x 4.10m)|
|First Floor Kitchen||10' 6" x 5' 7" (3.20m x 1.70m)|
|WC/Shower Room||6' 11" x 4' 11" (2.10m x 1.50m)|
|Second Floor Bedroom||15' 5" x 13' 9" (4.70m x 4.20m)|
|Second Floor Bedroom||10' 6" x 8' 10" (3.20m x 2.70m)|