Property for sale

43-45 High Street, Broadstairs, Kent CT10

Freehold mixed-use investment opportunity located in the heart of Broadstairs. The prominent corner building comprises 1 x commercial unit and 7 x flats, providing a total of 5,354 sq ft (497.4 sq m). The property is fully let, producing a total income of £107,220 per annum. Offers are invited in excess of £1,500,000, which represents a gross yield of 7.15%.

Location

The property occupies a prominent corner position at the junction of High Street and Queens Road in the heart of Broadstairs, Kent. It is situated between Broadstairs railway station and Viking Bay at the seafront. The High Street is characterised by a diverse mix of independent retailers, cafés, restaurants, professional services, and leisure operators, creating a lively and well-established commercial environment.

Broadstairs is a popular coastal town on the East Kent coast. Broadstairs attracts visitors throughout the year and has a strong local catchment. Broadstairs has become increasingly attractive to residents, visitors, and businesses in recent years due to its connectivity to London.

Broadstairs railway station is conveniently located at the northern end of the High Street and provides direct services to London, including a high speed service to London St Pancras, with journey times from approximately 1 hour 20 minutes. The town is also readily accessible by road via the A299 Thanet Way, A28 and A256.

Please note all times and distances given are approximate only.

Description

The recently developed property comprises 1 x commercial unit and 7 x flats, all finished to a high standard. The building provides a total of 5,354 square feet (497.4 square metres).

Please note that the sizes given are approximate only and have been provided by the seller. All interested parties are advised to rely on their own inspection and survey.

Tenancies

The property is fully let, producing a total income of £107,220 per annum.

The ground floor and basement commercial unit is let to Miles and Barr Ltd on a 10-year term from December 2020 with a current passing rent of £30,000 per annum. There was a rent review in December 2025 which remains outstanding.

The 7 x flats are let on apt agreements. Please refer to the Tenancy Schedule for more information.

Tenure

The freehold interest is to be sold subject to the existing tenancies.

Vat

We have been informed that property has not been elected for VAT.

Terms

Offers are invited in excess of £1,500,000, which represents a gross yield of 7.15%.

Viewings

Viewings are strictly by appointment through sole agents Harston+Co.