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1 Frindsbury Road, Strood, Rochester, Kent, ME2

£550,000

£233.35 per sq ft

Business rates & charges may apply

Whozoo, London
SIZE AVAILABLE

2,357 sq ft

219 sq m

SECTOR

Shop for sale

Key features

  • Total income £30,400 per annum
  • Guide Price : £550,000.
  • EPC ratings: shop C, flat E. Shop rateable value £21,250.
  • VAT applicable on the commercial element.
  • Flat let on a residential tenancy at £950 pcm.

Description

A freehold mixed-use investment at 1 Frindsbury Road, Strood, Rochester, comprising a ground-floor shop with a self-contained two-bedroom flat above, both let and income-producing. The building, known as the Red Lion, occupies a corner position on Frindsbury Road and Cliffe Road within the Medway area.

The ground-floor shop (1A Frindsbury Road) extends to approximately 1,421 sq ft (132 sq m) according to its EPC, with a VOA-recorded area of 1,274 sq ft. It is let on a 20-year lease from 1 December 2011, expiring 30 November 2031, at £19,550 per annum exclusive following the December 2025 rent review. The lease provides for upward-only rent reviews every two years, with the next review on 1 December 2027, and the tenant has indicated interest in extending the lease. The shop has a rateable value of £21,250 and an EPC rating of C.

The first-floor flat extends to approximately 936 sq ft (87 sq m) and is let on a residential tenancy at £950 pcm. It has an EPC rating of E.

Total income is £30,400 per annum. VAT is applicable on the commercial element.

Brochures

1 Frindsbury Road, Strood, Rochester, Kent, ME2

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Strood Station0.2 miles
  • Rochester Station0.8 miles
  • Chatham Station1.7 miles

About Whozoo, London

Unit 2, 2 Delacourt Road, London, SE3 8XA

Whozoo is a leading commercial and development agency, offering expert property services across the UK. With a deep understanding of the market, we help clients navigate every stage of the commercial property process, from acquisition and disposal to development and investment. Our nationwide reach ensures that businesses, developers, and investors receive tailored solutions that align with their goals and maximize their property's potential.

Notes

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Disclaimer - Property reference LON000A60. 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 Whozoo, London. 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.