Investment to Buy 02-Apr 21
Harbour Street, Whitstable, CT5
A fantastic rare Whitstable mixed use investment opportunity comprising a three bedroom residential cottage with accommodation over three floors and courtyard garden (excellent Air BnB possibility)
Offered for sale chain free, this is a fantastic investment opportunity and is one not to be missed.
The ground floor commercial space was formally two retail units, which has now been opened up to create one large space. The commercial premises are currently leased out. There is separate rear access from Sea Street and an outside W/C. The existing tenant has been in occupation for 13 years. A new lease has been agreed with the existing tenant to run for 5 years from July 2021 at a rent of £18,000 p.a. in the first year and then £19,000 p.a. thereafter. There will be a tenant only break option at the end of the second year given 6 months' notice in writing. The new lease is in solicitor's hands and should be completed in April 2021.
Location The seaside town of Whitstable is located on the picturesque North Kent coast, 60 miles from central London and 7 miles north of the historical city of Canterbury. Famous for its working harbour and native oysters the town proves popular with both tourists and residents alike. From its stunning coastline with a variety of water sports to the popular high street brimming with independently run cafes, boutiques, restaurants and pubs, there is plenty to see and do. The main line train station provides fast and frequent links to both London St Pancras & London Victoria, as well as regular buses departing from numerous stops throughout the town linking Whitstable to the surrounding areas and beyond. A number of popular infant and junior schools are found locally in the town with both grammar schools and private schools easily accessible in Canterbury