Retail premises for sale in King Street, Sandwich CT13
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Historic location
- Small lot size
Property description
Sandwich is located within the Borough of Kent, approximately 65 miles from London. The town has a population estimate of 5,000 people and is home to various nature reserves and two world renowned golf courses in Royal St Georges and Princes.
The popular tourist destination has a good mixture of retailers, restaurants and bars in the town centre. Nearby occupiers include Nationwide, Sue Ryder, Brewers of Sandwich and Fluer De Lis Hotel and Restaurant.
Sandwich Rail Station is situated approximately 300 metres from the property.
Description
The shop has a double frontage and is rectangular in shape, with a staff room, kitchen and storage area at the rear. The shop also has use of three external store rooms in the rear courtyard, two of which are former cold storage units which are temporary structures. The courtyard is demised to the ground floor tenant.
The shop trades as a carpet shop which has been in occupation since 2007. The tenant has a lease until 2029 and is currently paying a stepped rental, for more information please get in touch. The tenant will be staying in place after the sale.
Planning The property is Grade II Listed
Building use Class E on the ground floor and C3 residential
VAT The premises are not elected for VAT
EPC Rating Commercial c-73
Tenure Freehold
Purchase Price Offers in the region of £110,000 for the freehold interest
Ground floor Private individual "Shop - 815 sq ft
External storeroom - 237 sq ft"
Class E
Rental income from tenant
Year 1 - £8,000 pax
Year 2 - £9,000 pax
Year 3 - £10,000 pax
Year 4- £10,000 pax
Year 5 - £11,000 pax
Year 6 - £12,000 pax
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Assembly Commercial Real Estate, SE1 on +44 20 3641 3212 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Assembly Commercial Real Estate, and do not constitute property particulars. Please contact Assembly Commercial Real Estate for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.