St Margarets Street, Canterbury, CT1
retail property (high street) for sale
For sale by Modern Method of Auction; Starting Bid Price £315,000 plus Reservation Fee. Auction ends 1pm December 20th.
Situated in a sought-after location, this commercial property offers a lucrative investment opportunity with three separate commercial lettings. The ground floor boasts two thriving businesses, ensuring a steady income stream.
The Sandwich Bar- 296 Sq.Ft
New 10 year lease £8,600pa signed October 2024
Hairdressers- 613 Sq.Ft
New 10 year lease £18,000pa signed November 2024
The first and second floors provide ample office space for potential tenants, adding to the property's appeal. The floor areas total 1,594 Sq.ft.
With high potential yield, this property presents a promising prospect for investors looking to expand their portfolio. The well-maintained external structure enhances the property's aesthetic appeal and contributes to its overall desirability.
Ideal for those seeking a reliable investment in a popular location, this commercial property presents a rare opportunity to capitalise on the thriving local market. Don't miss the chance to secure this prominent piece of real estate in a prime location, offering multiple income streams and significant growth potential. Contact us today to arrange a viewing and explore the possibilities this property has to offer.
Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.
Room Sizes
| Sandwich Shop | |
| Retail Area | 15' 5" x 12' 2" (4.70m x 3.70m) |
| Kitchen | 8' 10" x 4' 11" (2.70m x 1.50m) |
| First Floor Storage | 10' 10" x 5' 11" (3.30m x 1.80m) |
| Ground Floor Salon | |
| Main Sales Area | 34' 9" x 12' 2" (10.60m x 3.70m) |
| Rear Staff Area | 8' 6" x 7' 10" (2.60m x 2.40m) |
| Rear Retail Area | 13' 9" x 9' 2" (4.20m x 2.80m) |
| GF/FF/SF Office | |
| Ground Floor Stores | 10' 2" x 14' 1" (3.10m x 4.30m) |
| First Floor Offices | 32' 10" x 29' 6" (10.00m x 9.00m) |
| Second Floor Offices | 23' 0" x 16' 5" (7.00m x 5.00m) |
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