Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment opportunity in the heart of Gillingham.
Arranged as a parade of five retail units with associated upper parts, the property is let on a single lease for a term expiring 21/12/2025 and producing £40,000 per annum.
The property offers substantial upper parts of approximately 2,067 sq ft (192 sq m) which may be suitable for conversion to alternative uses, including residential (subject to the existing lease and any requisite consents).
The unit offers evident asset management potential by way if separately letting the individual units in order to improve rents.
The property is situated at the corner of King Street and Jeffrey Street, immediately between Gillingham Station and the principal retail/leisure amenity of the High Street.
Tenure
Freehold
Tenancy
The property is let to Gillingham Street Angels, a registered charity, for a term of five years expiring 21/12/2025 and paying a rent of £40,000 per annum.
The lease is on full repairing and insuring terms.
Rent