Mixed Use Investment Property For Sale

LOCATION
The premises occupy a prominent trading position in the town centre, close to Sainsburys, Coop Food, and Cancer Research UK. Birchington has a bustling selection of local traders including a greengrocer, butcher, dry cleaner, jeweller and coffee shops. The property is within a short walk of the Birchington-on-Sea railway station with services to London St Pancras and London Victoria.

Birchington is found approximately 3 miles from Margate and 13 miles from Canterbury, with good road links via the A299 Thanet Way and M2 motorway. There is a public car park to the rear of the property along with short term street parking directly outside the property.

DESCRIPTION
The mid terrace building comprising ground floor commercial space, two/three bedroom self contained maisonette arranged over ground floor (entrance), first and second floors, with own rear entrance and garden. To the rear of the property is a detached single garage.

LEASE INFORMATION
The ground floor is let to Funeral Services Limited, trading as Coop Funeralcare.

The lease is for a term of 10 years expiring in June 2031. The rent passing is £8,500 per annum exclusive with a rent review and tenant break option in June 2026. The lease provides for effective Full Repairing & Insuring covenants.

The garage is let on a licence at an annual rental of £780 per annum.

The maisonette is let on an AST at a rental of £600 per calendar month. The AST provides for the provision for the tenant to contribute to the buildings insurance.

ENERGY PERFORMANCE RATING
An EPC has been commissioned and will be available shortly.

VAT
VAT will be payable if applicable.

VIEWINGS
Strictly by appointment through Clarke & Crittenden on .