Commercial property for sale in 16-18 North Street, Ashford, Kent TN24
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Property features
- Accommodation totalling 1,914 sq ft
- Town centre location neighbouring Pizza Express
- Income of £35,460 (gross) p.a. Showing an initial yield of 9%
- Redevelopment potential, subject to planning
Property description
This is an attractive mid-terraced, three-storey Grade II listed building with a basement, providing a total of 1,914 sq.ft. Of accommodation over the four floors. It provides a good investment opportunity or potential for residential redevelopment with the possibility of creating two self-contained flats (one on each of the upper floors), which could generate an income in the region of £20,000 per annum, subject to gaining all necessary consents. The offices are currently let as per the below schedule.
Ground Floor and Basement - Beauty Salon - £12,000 p.a. Exclusive - 6 year lease to 2029.
1st Floor Office - £9,000 per annum exclusive. 3 year lease expiring in February 2025
2nd Floor Office - £2,820 per annum inclusive.
2nd Floor Office - £5,040 per annum inclusive.
2nd Floor Office - £2,820 per annum inclusive.
2nd Floor Office - £3,780 per annum inclusive
*2nd Floor offices all let on monthly inclusive licences.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Stafford Perkins, TN24 on +44 1233 238633 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Stafford Perkins, and do not constitute property particulars. Please contact Stafford Perkins 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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