MapShop
Auction
Shop
2,440 sq ft / 227 sq m
Features and description
- For Sale By Online Auction
- 2,440 Sq Ft Commercial Space With 4 Apartments Above Sold On Long Leasehold
- Current Rent £30,000 PA, 5 Year Lease
- Fantastic Investment Opportunity
For Sale By Online Auction. 2,440 SqFt Commercial Space With 4 Apartments Above Sold On Long Leasehold. Current Rent £30,000 PA, 5 Year Lease. Fantastic Investment Opportunity.
FREEHOLD FOR SALE BY ONLINE AUCTION
Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting bid - £375,000
LOCATION DESCRIPTION
King Street is located in Gravesend town centre, as the main retail parade of the town - It is close walking distance of all amenities such as parking, shopping centres and eateries. Within 0.1 miles of Gravesend Station (with its high speed link to London St Pancras, journey time around 23 minutes). The A2/M2 is 1.9 miles to the South, linking to the M25 and Dartford Road Crossing.
PROPERTY DESCRIPTION
A ground floor retail commercial unit rented to a good covenant tenant (National Westminster Bank PLC), achieving £30,000PA. This tenant has been in situ since 1991. A new lease was signed in September 2022 for 5 years with a tenant break at year 3, on an full repairing and insuring lease inside sections 24-28 of the 1954 landlord and tenant act. The tenant also leases No.30 next door and has removed some walls for access between, but this is not part of the sale, only the property outlined in the images.
There are 4 flats above sold off on long leaseholds (125 years from September 1987) with a peppercorn ground rent. A management company is in place to manage these.
GROUND FOOR - 123.62 SqM (1,331 SqFt)
BASEMENT - 103.1 SqM (1,110 SqFt)
CURRENT CLASS OF BUSINESS USE
The vendor advises current class of business use is 'E' Category use. Interested parties are advised to seek clarification of permitted use from the local authority.
FREEHOLD FOR SALE BY ONLINE AUCTION
Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting bid - £375,000
LOCATION DESCRIPTION
King Street is located in Gravesend town centre, as the main retail parade of the town - It is close walking distance of all amenities such as parking, shopping centres and eateries. Within 0.1 miles of Gravesend Station (with its high speed link to London St Pancras, journey time around 23 minutes). The A2/M2 is 1.9 miles to the South, linking to the M25 and Dartford Road Crossing.
PROPERTY DESCRIPTION
A ground floor retail commercial unit rented to a good covenant tenant (National Westminster Bank PLC), achieving £30,000PA. This tenant has been in situ since 1991. A new lease was signed in September 2022 for 5 years with a tenant break at year 3, on an full repairing and insuring lease inside sections 24-28 of the 1954 landlord and tenant act. The tenant also leases No.30 next door and has removed some walls for access between, but this is not part of the sale, only the property outlined in the images.
There are 4 flats above sold off on long leaseholds (125 years from September 1987) with a peppercorn ground rent. A management company is in place to manage these.
GROUND FOOR - 123.62 SqM (1,331 SqFt)
BASEMENT - 103.1 SqM (1,110 SqFt)
CURRENT CLASS OF BUSINESS USE
The vendor advises current class of business use is 'E' Category use. Interested parties are advised to seek clarification of permitted use from the local authority.
Property information from this agent
About this agent
Established since 1851 we are an independent, multi-awarding wining estate agent located in North West Kent. We cover residential sales, residential lettings and management, commercial sales and commercial lettings and management in Kent and South London. We are a friendly, NAEA qualified, hard-working team with a wealth of local and up to date market knowledge and we endeavour to provide our clients with a highly professional service. Our transparent service includes No Sale/No Let = No Fee, 100% accompanied viewings, dedicated sales progressor, dedicated lettings property manager and daily rent payments to Landlords. Michael Alan Sears MNAEA MARLA MNAEA (Comm) MNAVA HIDip NDea, Managing Director, says: 'We pride ourselves in being 100% professional in all that we do and I define professionalism as putting our clients' interests before our own'. SEALEYS WALKER JARVIS - PROFESSIONALISM COMES AS STANDARD!