Commercial property for sale in 100-110 High Street, Strood, Rochester, Kent ME2

Commercial property for sale
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Property features

  • Freehold building for sale
  • Planning permission for 8 private units
  • Consent allows for conversion of first floor with construction of additional storey
  • Hsbc paying £44,000pa, expiring March 23
  • Salon paying £12,000pax on rolling licence
  • Works viable with tenants in situ
  • Oieo £1,400,000 F/H

Property description

A attractive opportunity to acquire a prominent freehold building in the heart of Strood Town Centre, with planning permission to create eight two bedroom apartments. Planning permission was granted for the conversion of the existing first floor with construction of an additional storey comprising 8 self-contained flats in total. The commercial tenants across on the ground floor consist of hsbc and a beauty salon. Hsbc are currently paying £44,000 per annum with 18 months remaining on their lease, whilst the beauty salon are paying £12,000 per annum on a monthly rolling licence.

The eight units to be built above are all two bedroom flats of similar sizes with access to be provided from the rear of the property. They are all conveniently located, with the High Street and its amenities located on their doorstep and Strood station under a 10 minute walk away. With no affordable housing provision required and the property generating a rental income already, this opportunity is likely to appeal to speculative developers and build-to-rent investors alike.

Property info

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Acorn - Bromley Commercial, BR2 on +44 20 8115 7729 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Acorn - Bromley Commercial, and do not constitute property particulars. Please contact Acorn - Bromley Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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