Parrock Road, Gravesend, Kent

FREEHOLD FOR SALE - Mixed Use Property - Ground Floor Shop measuring 98.27 sqm with First Floor 2 Bed Flat. Situated in Echo Square on one of the busiest roundabouts in Gravesend with a high volume of traffic. Gravesend town centre is less than 1 mile away. Echo Square has an array of shops and eateries and would be perfect for most local business. Public car park nearby. EPC Ratings: D

Description - FOR SALE
£330,000 FREEHOLD

LOCATION DESCRIPTION
Situated at Echo Square, on one of the busiest roundabouts in Gravesend with a high volume of traffic passing every day. Gravesend town centre is less than 1 mile away and the A2 is only 1.8 miles away with links to London and the M25. Echo Square has an array of shops and eateries and would be perfect for most local business.

PROPERTY DESCRIPTION
A ground floor shop, measuring 98.27 SqM (1058 SqFt), comprising of:-
Sales area - 30.16 SqM (325 SqFt)
Rear sales area: 16.51 SqM (174 SqFt)
Store room: 33.85 SqM (364 Sq Ft)
Store room: 11.84 SqM (127 Sq Ft)
Kitchenette: 3.12 SqM (34 Sq Ft)
WC
2 Bedroom Flat

The shop is currently let on a 5 year Lease from 24th June 2024 at a rent of £11,500 per annum, however, the Tenant wishes to surrender their Lease on 1st December 2026. Detailed terms of the surrender are being negotiated and if agreed will be documented by a formal Deed of Surrender.

The flat is currently achieving a rent of £12,000 per annum on a periodic Shorthold Resdential Tenancy however the Tenant is in the process of buying their own property and wishes to vacate the flat on 30th November 2026 and the Landlord
has agreed to this.

Subject to all appropriate consents being obtained, it is considered that there is potential to extend the upper flat into the roof space. This has been done with another property in the parade.

CURRENT BUSINESS RATES FOR THE GROUND FLOOR SHOP
Figures from the Valuation Office show a current rateable value £10,750 as at October 2026 which normally means an amount payable of between 40%-50% of this figure. Please check with the relevant local authority which is Gravesham Borough Council. You as a tenant may qualify to apply for small business rates relief meaning you could pay nothing or proportion of this payable amount.

COUNCIL TAX FOR THE UPPER FLAT
Gravesham Borough Council: Council Tax Band B

CURRENT CLASS OF BUSINESS USE
The current class of business use is an 'E' Category Use. Interested parties are advised to seek clarification of permitted use from the local authority.