£500,000

Commercial property for sale in Shop & Two Flats, Church Street, Broadstairs (ref: 306929)

Shortlist

Key Features

  • Retail
  • Investment
  • 2 Flats above
  • Prime location
  • Corner position
This amazing income generating investment opportunity in St Peters, Broadstairs, consisting of a three storey building currently let out as a pharmacy taking up the ground floor, basement and yard with two self contained residential flats above.
The property is 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%

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 introduction of a stamp duty holiday until 30th June 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

Commercial property for sale in Shop & Two Flats, Church Street, Broadstairs 0

Photo 3

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

Photo 2

Further Details

  • Status: Available
  • Reference: 306929

Location

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