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1 bedroom commercial property for sale

High Street, Chatham

£580,000

Property Description

Key features

  • Block Property Portfolio For Sale
  • Office Business Centre
  • Penthouse Residental Apartment
  • Three Storey Gymnasium
  • Car Park
  • Advertising Hoarding Income

Full description

Tenure: Freehold

Property Description
Business Centre: A first and second floor business centre comprising of eighteen offices with ground floor lobby and communal kitchenettes and toilets. Potential gross income ?72,000 per annum (currently providing ?11,700 per annum).
(Note: the ground floor units have been sold on long leasehold agreements).

Penthouse Apartment: A one bedroom self contained penthouse apartment (incorporating the turret of the building), producing ?6,600 per annum.

Gymnasium: A three storey building with entrance to Institute Road currently producing ?16,000 per annum (with year two increase to ?19,195 per annum and year three increase to ?23,034 per annum) let on a full repairing and insuring lease of ten years with a six year break clause and an option of tenant to purchase in the tenth year at market price. The lease is currently in its first year.

Car Park: The Landlord / seller advises the car park has outline planning permission for the erection of six leasehold apartments with undercroft parking plus a current advertising hoarding income of ?1,500 per annum.
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EPC Requirement
There is no Energy Performance Certificate requirement as this sale constitutes an investment portfolio sale.



AGENT'S NOTE: None of the statements contained in these particulars relating to this property are to be relied on as statements or representations of fact. We have not tested any services, heating systems or appliances. All measurements are approximate. Floor plans are not to scale and are for guidance only. The description does not form part of any contract and is provided on the strict understanding that all negotiations are conducted through this office.

AGENT'S NOTE: None of the statements contained in these particulars relating to this property are to be relied on as statements or representations of fact. We have not tested any services, heating systems or appliances. All measurements are approximate. Floor plans are not to scale and are for guidance only. The description does not form part of any contract and is provided on the strict understanding that all negotiations are conducted through this office.

To view this property or request more details, contact:

Sealeys Estate Agents, Gravesend

1 Clive Road, Gravesend, DA11 0RS

01474 631038 Local call rate

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