Skip to content
COMMERCIAL

A shop plus 4 flats with off road parking out the back for the shop/1 flat

£500,000
eXp UK, South East
PROPERTY TYPE

Mixed Use

BEDROOMS

5

BATHROOMS

5

SIZE

Ask agent

Key features

  • A Freehold investment opportunity for 1 shop and 4 flats
  • Shop refurbished to the tune of around £65000
  • All properties are rented the shops since 1992 with the same tenant
  • The ground floor flat which comes with a courtyard garden
  • The ground floor flat has had the same tenant for 33 years
  • Security entry door to the left of the shop for x3 flats
  • The ground floor flat has its own access round the back.
  • Multiple off road parking spaces around the back
  • Sold with the tenants in suture please refer to the description for the numbers
  • Please quote PA1009 when calling in

Description

Commercial Unit Details:

The ground-floor shop is currently leased to Countrywide Estate Agents, a reputable national chain, who have been in occupation since 1993. The current rent is £8,850 per annum, which reflects an agreement following a £65,000 renovation funded by the tenant a couple of years ago. This lease runs until 24th November 2028, at which point the rent can be renegotiated to modern market values.

Local comparable rents for similar commercial units on The Broadway are currently between £18,500 and £20,000 per annum, providing significant future rental uplift.

Residential Flat Details (All Tenanted):

 • Flat 1 – First floor, large 1-bedroom. Let since 2002, rising to £150/week from April 2025 (£7,800 PA)

 • Flat 2 – First floor, large 1-bedroom. Let since 2023 at £775/month (£9,300 PA)

 • Flat 3 – Duplex over 1st & 2nd floors, large 1-bedroom. Let since 2022 at £650/month (£7,800 PA)(The Internal Photos are of this property)

 • Flat 4 – Ground floor, 2-bedroom with courtyard garden. Let since 1993 at £625/month (£7,500 PA)

All tenants are long-standing, contributing to a stable and predictable income stream.

Total residential income: £32,400 PA

Total current annual income (including shop): £41,250 PA

Investment Highlights:

 • Immediate income from fully let units

 • Substantial rent review opportunity in 2028 on the commercial unit

 • Rear parking for 4 vehicles, one per flat

 • Located in a busy commercial stretch of Sheerness, walking distance to transport links, high street shops and Sheerness seafront

 • Ideal hands-off investment for portfolio buyers or a mixed-use specialist

Brochures

Brochure 1

A shop plus 4 flats with off road parking out the back for the shop/1 flat

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Sheerness-on-Sea Station0.3 miles
  • Queenborough Station1.8 miles
  • Swale Station3.6 miles

About eXp UK, South East

1 Northumberland Avenue, Trafalgar Square, London, WC2N 5BW

eXp UK are the newest estate agency business, powering individual agents around the UK to provide a personal service and experience to help get you moved.

Here are the top 7 things you need to know when moving home:

Get your house valued by 3 different agents before you put it on the market

Don't pick the agent that values it the highest, without evidence of other properties sold in the same area

It's always best to put your house on the market before you find a property

The estate agent acts for the seller and is there to get the seller the best price possible

Understand the length of time it can take - 14 weeks from when you accept an offer, or have an offer accepted to move in! A long time!

It can get stressful, but speak to your agent and your solicitor and they will put you in the picture

Be nice to estate agents - we're pretty nice people, offer some great advice and will help to get you moved ;-)

Notes

These notes are private, only you can see them.

Disclaimer - Property reference S1283424. 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 eXp UK, South East. 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.

Map data ©OpenStreetMap contributors.