£1,000,000
(£307.50/sq. ft)
Retail premises for sale27-31 High Street, Whitstable, Kent CT5
3,252 sq. ft
About this property
Guide Price: £1,000,000
Current rental income: £65,000 per annum
Net initial yield: 6.1% after usual costs
Let to Greggs Plc
10-year Full Repairing & Insuring (Fri) lease
Open Market Rent Review at the end of Year 5
Prominent High Street position
The property comprises approximately 3,252 sq ft (302.12 sq m) of ground floor retail accommodation, forming part of a mixed-use development with six self-contained residential flats above, which are not included in the sale.
The property occupies a prominent position on Whitstable High Street, benefiting from excellent visibility and strong pedestrian footfall.
The property is occupied by Greggs Plc under a 10-year Full Repairing & Insuring (Fri) lease at a current rent of £65,000 per annum.
The lease provides for an Open Market Rent Review at the end of Year 5, together with a tenant-only break option at the same point.
The property is held on a 999-year leasehold interest at a peppercorn rent.
The investment provides an established rental income from a recognised national occupier and benefits from a prominent High Street position within a popular seaside town.
Guide Price: £1,000,000.
Purchasers should satisfy themselves as to the accuracy of the information provided. All details are subject to contract.
Location
Whitstable is a popular seaside town on the north Kent coast, known for its independent shops, restaurants and strong visitor economy.
The property occupies a prominent position on Whitstable High Street, benefiting from excellent visibility and strong pedestrian footfall.
Whitstable provides regular rail services to London St Pancras and London Victoria and attracts significant year-round tourism and retail activity.
Planning Use
Retail
EPC
Full details available upon request
The property occupies a prominent position on Whitstable High Street, benefiting from excellent visibility and strong pedestrian footfall.
The property is occupied by Greggs Plc under a 10-year Full Repairing & Insuring (Fri) lease at a current rent of £65,000 per annum.
The lease provides for an Open Market Rent Review at the end of Year 5, together with a tenant-only break option at the same point.
The property is held on a 999-year leasehold interest at a peppercorn rent.
The investment provides an established rental income from a recognised national occupier and benefits from a prominent High Street position within a popular seaside town.
Guide Price: £1,000,000.
Purchasers should satisfy themselves as to the accuracy of the information provided. All details are subject to contract.
Location
Whitstable is a popular seaside town on the north Kent coast, known for its independent shops, restaurants and strong visitor economy.
The property occupies a prominent position on Whitstable High Street, benefiting from excellent visibility and strong pedestrian footfall.
Whitstable provides regular rail services to London St Pancras and London Victoria and attracts significant year-round tourism and retail activity.
Planning Use
Retail
EPC
Full details available upon request
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Monthly repayment
£5,002 per month
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