Arches and Land, Belmont Road, Whitstable
Size
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Tenure
Leasehold
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Parking
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- Primary use
- Other leisure
No floor / site plan
Key features
- High Yielding Retail/Light Industrial Investment
- Parade Including Rail Arches, Commercial Units and Associated Land
- Fully Let to Two Tenants
- Prominent Corner Pitch
- Asset Management Potential
- Investment Let at £34,750 p.a. (16.2% GIY on Guide Price)
Description
Arranged as two commercial units comprising a mix of arches and other units beneath a railway, the property is fully let to two tenants and producing a total combined income of £34,750 per annum.
The rail arch is let to a private individual t/a an auto repair shop on a lease from 25.02.1999 and paying £9,750 per annum. We understand the lease has expired but the tenant is continuing to occupy on a periodic tenancy with three months notice to expiry, offering asset management potential via renewal.
The remaining commercial unit is let to The Arches Club LLP t/a a leisure facility/snooker hall on a new six year lease expiring 10.03.2032 and paying £25,000 per annum.
The property occupies a prominent pitch at the corner of Belmont Road and Oxford Street. Oxford Street leads directly to Whitstable High Street and therefore the property benefits from good footfall and traffic flow.
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- Listed building
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- Tenure
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- BREEAM rating
Unclassified
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Brochure
Arches and Land, Belmont Road, Whitstable
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