For Sale
27-31 High Street, Whitstable, KENT, CT5 1AP
3,252 Sq Ft
£1,000,000
Property Summary
INVESTMENT SALE
The property comprises a newly refurbished ground floor retail unit extending to approximately 302.12 sq m (3,252 sq ft), forming part of an attractive mixed-use development in the popular seaside town of Whitstable. The unit is let to Greggs Plc on a new 10-year full repairing and insuring lease commencing 10 days after practical completion (anticipated July 2025), at a rent of £65,000 per annum. The lease includes a tenant-only break option and an open market rent review at the end of year 5, with a 9-month rent-free period covered by the vendor. This investment offers a secure and long-term income stream from a 5A1 covenant tenant, with minimal management responsibilities. Whitstable is a highly desirable retail and leisure destination, benefiting from strong year-round trade and significant tourist activity. The property is offered at a guide price of £1,000,000, reflecting an attractive net initial yield of 6.1%. This is an excellent opportunity to acquire a newly refurbishe
The property comprises a newly refurbished ground floor retail unit extending to approximately 302.12 sq m (3,252 sq ft). The unit offers well-configured, open-plan retail space with excellent frontage onto High Street, providing strong visibility and footfall
Canterbury. Regular rail service to London St Pancras and Victoria. High demand from occupiers.
The property comprises a newly refurbished ground floor retail unit extending to approximately 302.12 sq m (3,252 sq ft), forming part of an attractive mixed-use development in the popular seaside town of Whitstable. The unit is let to Greggs Plc on a new 10-year full repairing and insuring lease commencing 10 days after practical completion (anticipated July 2025), at a rent of £65,000 per annum. The lease includes a tenant-only break option and an open market rent review at the end of year 5, with a 9-month rent-free period covered by the vendor. This investment offers a secure and long-term income stream from a 5A1 covenant tenant, with minimal management responsibilities. Whitstable is a highly desirable retail and leisure destination, benefiting from strong year-round trade and significant tourist activity. The property is offered at a guide price of £1,000,000, reflecting an attractive net initial yield of 6.1%. This is an excellent opportunity to acquire a newly refurbishe
The property comprises a newly refurbished ground floor retail unit extending to approximately 302.12 sq m (3,252 sq ft). The unit offers well-configured, open-plan retail space with excellent frontage onto High Street, providing strong visibility and footfall
Canterbury. Regular rail service to London St Pancras and Victoria. High demand from occupiers.