3 bed flat for sale in Church Street, Broadstairs (ref: 306929)

A fantastic income generating investment opportunity in St Peters, Broadstairs, consisting of a three-storey building - currently the Pharmacy takes up the ground floor, basement and yard with two self-contained residential duplex apartments above. The property is situated on a prominent corner site in the heart of the local trading area of St Peters, with 11 years remaining to the current lessee.

*The retail space benefits from a signed rental agreement to a Pharmacy for a further 11 years.
Currently the rent is £19,500.00 per year on the shop until December 2022, a new lease has been agreed to the current Pharmacy at £15,750 per annum from 1st January 2023 for a further 10 years with NO BREAK clause and a upward ONLY rent Review in 5 years.

**Flat 2A let on AST - current rent passing £750.00 pcm.

***Flat 2B let on AST - current rent passing £525.00 pcm.

EPCs:

Pharmacy EER 68 (D)

Flat A EER 64 (D) EIR 62 (D)

Flat B EER 65 (D) EIR 64 (D)