27-31 High Street, Whitstable, KENT, CT5 1AP
- SIZE AVAILABLE
3,252 sq ft
302 sq m
- SECTOR
Restaurant for sale
Description
The property comprises a newly refurbished ground floor retail unit extending to approximately 302.12 sq m (3,252 sq ft), forming part of an attractive mixed-use development in the popular seaside town of Whitstable. The unit is let to Greggs Plc on a new 10-year full repairing and insuring lease commencing 10 days after practical completion (anticipated July 2025), at a rent of £65,000 per annum. The lease includes a tenant-only break option and an open market rent review at the end of year 5, with a 9-month rent-free period covered by the vendor. This investment offers a secure and long-term income stream from a 5A1 covenant tenant, with minimal management responsibilities. Whitstable is a highly desirable retail and leisure destination, benefiting from strong year-round trade and significant tourist activity. The property is offered at a guide price of £1,000,000, reflecting an attractive net initial yield of 6.1%. This is an excellent opportunity to acquire a newly refurbishe
The property comprises a newly refurbished ground floor retail unit extending to approximately 302.12 sq m (3,252 sq ft). The unit offers well-configured, open-plan retail space with excellent frontage onto High Street, providing strong visibility and footfall
Canterbury. Regular rail service to London St Pancras and Victoria. High demand from occupiers.
Whitstable is a vibrant seaside town on the north Kent coast, known for its independent shops, restaurants, and strong visitor economy. The property occupies arguably a prime position on the High Street, offering excellent visibility and footfall
Brochures
27-31 High Street, Whitstable, KENT, CT5 1AP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Whitstable Station0.4 miles
- Chestfield & Swalecliffe Station1.8 miles
- Herne Bay Station4.1 miles
Notes
Disclaimer - Property reference 2FH. 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 Azure Property Consultants Ltd, 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.
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