Commercial properties for sale in Herne Bay, Kent, this area only

Azure Property Consultants are delighted to offer for sale 116 The Mall, High Street, Herne Bay, a freehold multi-let commercial retail arcade investment occupying a prominent position in the heart of Herne Bay town centre. The property comprises seven individual commercial kiosk/arcade units, all currently occupied and producing a combined rental income of £35,765 per annum. All seven units are held on rolling 12-month licences, with rents due for review, providing an incoming purchaser with the opportunity to increase the current rental income. The property also benefits from vacant first-floor accommodation, offering potential for future development or alternative use, subject to the necessary planning and statutory consents. At the asking price of £500,000, the current rental income represents an approximate 7.15% gross initial yield, before allowing for any rental growth arising from the forthcoming rent reviews or potential development of the vacant space. The property therefore offers a combination of established rental income, multiple income streams, rental growth potential and future development opportunity.

An excellent investment opportunity in Herne Bay, comprising a 1,500 sq ft building over ground and first floors, currently occupied by a long-standing independent gym operator. The lease is secured for the next five years, generating a stable income of £12,000 per annum.

Ground Floor Investment With First And Second Floor Potential!Prime retail investment let to Scrivens until May 2034, producing £24,000 per annum. Plus with two vacant upper floors offering the potential for 3 self-contained flats (STP)Guide Price of £...

Freehold Commercial investment - Secure 7%!Miles and Barr Commercial are delighted to be assisting with the sale of this ground floor freehold commercial investment. The property is currently comprised on one freehold title, but does have two separate commercial leases.The...