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For Sale By Auction | 12:00, 21 September 2022

48 High Street, Sheerness, Kent ME12 1NL

*Guide | £240,000 (plus fees)

  • Retail Property (high street)
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 01702 33 33 99 for more information

Auction Date

Wed 21/09/2022

Auction Time

12:00

Auction Venue

LIVE STREAM, www.AuctionHouse.Online

A FREEHOLD COMMERCIAL INVESTMENT COMPRISING OF A RETAIL UNIT AND A TWO BEDROOM MAISONETTE CURRENTLY PRODUCING £17,700 PER ANNUM THUS DELVERING A YIELD OF 7.4% IF PURCHASED AT GUIDE

A Freehold Investment opportunity in the heart of sheerness high street, comprising of a retail shop let to a national charity and a two bedroom maisonette above, both rented and producing a combined income of £1,475 per calendar month thus producing £17,700 per annum. There is a rent increase due in September 2022 on the retail unit with total rental income rising to £18,180.

Tenure

Freehold

ACCOMMODATION

GROUND FLOOR SHOP Retail Shop: 37'4" x 13'7" (11.4m x 4.2m) Kitchen: 12'4" x 3'9" (3.8m x 1.2m) WC: 4'2" x 4'2" (1.3m x 1.3m) Storage room: 10'8" x 4'2" (3.3m x 1.3m) Storage room 10'8" x 7'2" (3.3m x 2.2m) Storage room: 13'1" x 6'2" (4.0m x 1.9m) Storage room: 13'7" x 6'2" (4.2m x 1.9m) Storage room: 4'5" x 3'6" (1.4m x 1.1m) Storage room: 5'2" x 4'2" (1.6m x 1.3m) FIRST FLOOR MAISONETTE Lounge: 20'3" x 14'1" (6.2m x 4.3m) Kitchen: 11'4" x 8'5" (3.5m x 2.6m) Bedroom: 15'4" x 11'4" (4.7m x 3.5m) Bedroom: 11'4" x 10'4" (3.5m x 3.2m)

EXTERIOR

The property is located in the busy part of Sheerness High Street and benefits from rear access to both the shop and to the maisonette above.

LOCATION

The property is located on the northern side of the High Street opposite Russell Street in an area of predominantly national or regional multiple retailers. Directly in front of the property is short term on street parking. This is a busy location in the centre of the High Street with considerable passing pedestrian and vehicular traffic. Sheerness train station is less than half a mile away with fast train links into London.

VIEWING

Strictly by appointment with the Auctioneer Tel: 01622 589 623

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Swale Borough Council

Additional Fees

Buyer's Premium - 1% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.

Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.