Commercial property for sale in Shop & Two Flats, Church Street, Broadstairs - Property Image 1

Commercial property for sale in Shop & Two Flats, Church Street, Broadstairs £500,000

Property Unavailable

£500,000

Commercial property for sale in Shop & Two Flats, Church Street, Broadstairs (ref: 249174)

This amazing investment opportunity in St Peters, Broadstairs, is a three storey building currently let out as a pharmacy with two self contained residential flats above, Situated on a prominent corner site in the heart of the local trading area of St Peters. Currently producing an annual income of £32,700 pa reflecting an initial yield of @ 6.5%

Details:

Ground floor, basement & yard let on 20 years’ fr&I lease from 31st December 2002 - current rent passing £19,500 pa

First floor flat let on AST - current rent passing £625 pcm - £7,500 pa

Second floor flat 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 £500,000 the total amount of stamp duty payable will be:

Last updated: The calculators have been updated following the end of the stamp duty holiday on 30th June 2021. Until the end of September 2021, it represents a staggered return to previous rates.

What is Stamp Duty and how is it calculated?

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