St Margarets Street, Canterbury, CT1
£125.85 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,503 sq ft
233 sq m
- SECTOR
Office for sale
Key features
- The Modern Method of Auction
Description
For sale by Modern Method of Auction; Starting Bid Price £315,000 plus Reservation Fee. Auction ends 1pm December 20th.
Situated in a sought-after location, this commercial property offers a lucrative investment opportunity with three separate commercial lettings. The ground floor boasts two thriving businesses, ensuring a steady income stream.
The Sandwich Bar- 296 Sq.Ft
New 10 year lease £8,600pa signed October 2024
Hairdressers- 613 Sq.Ft
New 10 year lease £18,000pa signed November 2024
The first and second floors provide ample office space for potential tenants, adding to the property's appeal. The floor areas total 1,594 Sq.ft.
With high potential yield, this property presents a promising prospect for investors looking to expand their portfolio. The well-maintained external structure enhances the property's aesthetic appeal and contributes to its overall desirability.
Ideal for those seeking a reliable investment in a popular location, this commercial property presents a rare opportunity to capitalise on the thriving local market. Don't miss the chance to secure this prominent piece of real estate in a prime location, offering multiple income streams and significant growth potential. Contact us today to arrange a viewing and explore the possibilities this property has to offer.
Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties€™ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.
Sandwich Shop
Retail Area
3700 x 4700
Kitchen
1500 x 2700
First Floor Storage
1800 x 3300
Ground Floor Salon
Main Sales Area
3700 x 10600
Rear Staff Area
2400 x 2600
Rear Retail Area
2800 x 4200
GF/FF/SF Office
Ground Floor Stores
4300 x 3100
First Floor Offices
9000 x 10000
Second Floor Offices
5000 x 7000
St Margarets Street, Canterbury, CT1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Canterbury East Station0.3 miles
- Canterbury West Station0.5 miles
- Sturry Station2.5 miles
Notes
Disclaimer - Property reference MSL240027. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miles & Barr Commercial, Kent. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Miles & Barr Commercial, Kent on 01843 265326.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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