Under Offer
£495,500

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

Shortlist

Key Features

  • Income generating investment!
  • Secured retail tenant for further 11 years!
  • 2 Flats above included!
  • Prime retail position!
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 £625 pcm - £7,500 pa

***Flat 2B let on AST - current rent passing £475 pcm - £5,700 pa

EPCs:

Pharmacy EER 68 (D)

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

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

Stamp Duty Due

Based on a sale price of £495,500 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated following the end of the stamp duty holiday on 1st October 2021.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

Property Images

3 bed flat for sale in Church Street, Broadstairs 0

Pharmacy

3 bed flat for sale in Church Street, Broadstairs 1

Entrance to Apartments

Further Details

  • Status: Under Offer
  • Reference: 306929

Location

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