No longer on the market
This property is no longer on the market
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Property
Features and description
- Freehold Shop And Flats For Sale In Gravesend Town Centre
- Commercial Tenant On A 20 Year Lease Since 2022
- Currently Let With A Total Combined Annual Income Over £50,000
- Ideal To Add To An Existing Portfolio
Freehold Shop And Flats For Sale In Gravesend Town Centre. Let With A Total Combined Annual Income Over £50,000. Commercial Tenant On A 20 Year Lease Since 2022. Ideal To Add To An Existing Portfolio.
Description - FOR SALE
Offers Over £770,000 (Freehold)
LOCATION DESCRIPTION
Sandwiched between and with 2 shopfronts to Windmill Street and Stone Street. Within 0.2 miles of Gravesend Train Station with its high-speed link to London St Pancras (journey time around 24 minutes) and set within one of the town centre's main pedestrarised street, with national brand neighbours in the street including Halifax, The Town Library, Paddy Power, Ladbrookes and Natwest Bank.
PROPERTY DESCRIPTION
Windmill Street shopfront with ground floor commercial space, currently let on a 20 year lease from Jan 2022. Rent reviews are every 5 years with mutual breaks at year 5 and 15.
Apartments accessed from stone street.
Two first floor apartments, one studio and one 1 Bed, both let on AST's.
One second floor 1 Bed apartment let on an AST
Combined total annual income - £50,700
EPC RATINGS
Commercial - B
Flat 1 - D
Flat 2 - D
Flat 3 - D
CURRENT BUSINESS RATES
Figures from the Valuation Office show a current rateable value of £13,750 per annum as at May 2023 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.
Description - FOR SALE
Offers Over £770,000 (Freehold)
LOCATION DESCRIPTION
Sandwiched between and with 2 shopfronts to Windmill Street and Stone Street. Within 0.2 miles of Gravesend Train Station with its high-speed link to London St Pancras (journey time around 24 minutes) and set within one of the town centre's main pedestrarised street, with national brand neighbours in the street including Halifax, The Town Library, Paddy Power, Ladbrookes and Natwest Bank.
PROPERTY DESCRIPTION
Windmill Street shopfront with ground floor commercial space, currently let on a 20 year lease from Jan 2022. Rent reviews are every 5 years with mutual breaks at year 5 and 15.
Apartments accessed from stone street.
Two first floor apartments, one studio and one 1 Bed, both let on AST's.
One second floor 1 Bed apartment let on an AST
Combined total annual income - £50,700
EPC RATINGS
Commercial - B
Flat 1 - D
Flat 2 - D
Flat 3 - D
CURRENT BUSINESS RATES
Figures from the Valuation Office show a current rateable value of £13,750 per annum as at May 2023 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.
Property information from this agent
About this agent
Established since 1851 we are an independent, multi-awarding wining estate agent located in North West Kent. We cover residential sales, residential lettings and management, commercial sales and commercial lettings and management in Kent and South London. We are a friendly, NAEA qualified, hard-working team with a wealth of local and up to date market knowledge and we endeavour to provide our clients with a highly professional service. Our transparent service includes No Sale/No Let = No Fee, 100% accompanied viewings, dedicated sales progressor, dedicated lettings property manager and daily rent payments to Landlords. Michael Alan Sears MNAEA MARLA MNAEA (Comm) MNAVA HIDip NDea, Managing Director, says: 'We pride ourselves in being 100% professional in all that we do and I define professionalism as putting our clients' interests before our own'. SEALEYS WALKER JARVIS - PROFESSIONALISM COMES AS STANDARD!