The Mall , The Mall, 116 High Street, Herne Bay, Kent, CT6 5JY
Size
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Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- Other
- Frontage
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No floor / site plan
Key features
- Freehold
- Offers in the region of £500,000
- Seven commercial kiosk/arcade units
- Current rental income of £35,765 per annum
- Approx. 7.15% gross initial yield
- Highly visible from the public car park to the rear
The Mall provides pedestrian access through to High Street - Vacant first-floor accommodation
- Potential for first-floor development, subject to planning
Description
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.
Location
116 The Mall occupies a prominent position within the heart of Herne Bay town centre, with The Mall providing pedestrian access through to the High Street from a public car park to the rear, providing convenient access and high visibility to users of the car park.
Herne Bay is an established coastal town in Kent, with the town centre offering a diverse mix of national and independent retailers, cafés, restaurants, professional services and leisure operators.
The town benefits from good road and rail connections. The A299 provides access towards Whitstable, Canterbury and the M2, whilst Herne Bay railway station provides services towards Canterbury and London
EPC
Full details available upon request
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- Business rates
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
The Mall , The Mall, 116 High Street, Herne Bay, Kent, CT6 5JY
About Azure Property Consultants Ltd, Kent
Based in the heart of Whitstable, Azure Property Consultants has been delivering expert property services across Kent and the UK since 2003. As an RICS-regulated firm, we specialise in commercial agency, investment advice, asset and block management, and lettings — managing over 500 tenancies and £80m in assets nationwide. Our experienced team combines local knowledge with a personal, results-driven approach to help you achieve your property goals with confidence.
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Disclaimer - Property reference 51FH. 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.