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The property comprises a high yielding Retail/Light Industrial investment occupying a prominent corner pitch.
Arranged as two commercial units comprising a mix of arches and other units beneath a railway, the property is fully let to two tenants and producing a total combined income of £34,750 per annum.
The rail arch is let to a private individual t/a an auto repair shop on a lease from 25.02.1999 and paying £9,750 per annum. We understand the lease has expired but the tenant is continuing to occupy on a periodic tenancy with three months notice to expiry, offering asset management potential via renewal.
The remaining commercial unit is let to The Arches Club LLP t/a a leisure facility/snooker hall on a new six year lease expiring 10.03.2032 and paying £25,000 per annum.
The property occupies a prominent pitch at the corner of Belmont Road and Oxford Street. Oxford Street leads directly to Whitstable High Street and therefore the property benefits from good footfall and traffic flow.
Tenure
Leasehold - Approx. 143 Years Unexpired - Please Refer to Legal Pack
Rent
Notes
Please note any areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been inspected by Savills. Prospective purchasers must rely upon their own enquiries. Please refer to the legal pack.