0 BR in Kent Rochester ME2 4TA
Broom Hill, 2.7km NW of Chatham, Kent
FOR SALE - Former Public House Investment with Residential Uppers- Viewing:Strictly by prior appointment through the Surveyors. Please contact Phil Hubbard e: XXXX@sibleypares.co.uk or Matt Sadler e: XXXX@sibleypares.co.uk- Accommodation:The property currently comprises a convenience store on the ground level, and a spacious 2 beds residential flat on the 1st floor.CommercialRetail Area: 894 square ft (83.05 sq m)Ancillary Storage: 214 sq. feet (19.91 sq m)Kitchen: 44 sq-ft (4.11 sq m)WCResidentialGIA: 957 sq-ft (88.91 sq m)There is potential for further development subject to gaining the necessary consents, the first level benefits from historic planning permission for two further two beds flats.- Rent:Offers in excess of £325,000- Legal Costs:Each side to bear its own legal and professional costs- Return frontage- Offers in excess of £325,000 for the freehold- Mixed Use Investment- Rateable value / Council Tax:RV £12,500 @ 48.0p in the £Rates payable £6,000 for the year 2018/19- Location:The property is a former Public House that has been converted into a convenience store. It is located on the junction of the A228 with Cliff Road benefiting from return frontage. The property is in a predominantly residential area, it benefits from good communications, with junction one of the M2 within a fifteen minute drive and being within walkable distance of Strood Railway station, which is a high speed location servicing London St Pancras in approx 35 minutes.- Self-Contained 1st Floor two beds flat- Prominent location- EPC:Commerical: AwaitedResidential: E (45)- Price:- Terms:Leasing termsCommercial: 20yr lease from 1/12/2011 (13 yrs unexpired), current passing rent £14,400 pa with two yearly upwards only rent reviews with next review on 1/12/2019Residential: Currently let on an AST at £9,300 paTotal Annual Income: £23,700 paAsking price reflects a NIY of 6.9% taking purchasers cost @ 5.8%Planning InfoHistoric consent for conversion of first floor for two 2 Beds flats Reference no. MC/10/0681- VAT:We understand from our client that the property is not elected for VATMains Water, Electricity, Gas
214 sq. ft.
February 11 on Listanza