Cafe

Property Description: Guide Price £950,000. A superb investment opportunity in the heart of Canterbury city centre. This fantastic property includes a cafe and living accommodation with eight double bedrooms that are all currently let. The property will be sold with tenants in situ with a current, total annual income of £70,500. The lease on the cafe is currently in the process of being extended for a further 20 years. The current rental income from the cafe is £16,500 and regular rent reviews are being built into the contracts for the lease extension. All eight of the bedrooms are let generating a monthly income of £4,500 (£54,00 per annum). The property is only 0.3 miles from Canterbury Christ Church University making it an ideal location for letting to students year after year. The fully functioning cafe is almost 83 foot long, has a basement area, storage and toilet facilities. The living accommodation is spread over three floors. The ground floor has three of the bedrooms, a kitchen and a bathroom. The first floor has a further three bedrooms and two shower rooms. Completing the living quarters are the two bedrooms and the second kitchen to the top floor.

Outside: There is space for off road parking for two cars

Location: Longport is located 0.3 miles from Christ Church University making it an ideal location for students studying at the University. The main campus is located on North Holmes Road which provides a friendly welcoming environment and a lively student community. The rest of the University is made up of satellite campuses at The Sidney Cooper Gallery, Hall Place, Christ Church Sports Centre and St Georges Centre, all within walking distance of the city centre and main campus. The city itself is just 0.3 miles from the property and has a warm and friendly atmosphere with plenty of busy bars, atmospheric pubs and a wide range of restaurants and cafes as well as plenty of retail shops. London is an hour away by high-speed train from Canterbury West Station.

Directions: - CT1 1PE / What3Words = piano.cigar.finishing

Council Tax: To check council tax for this property, please refer to

Local Authority: Canterbury City Council -[use Contact Agent Button]. Kent County Council -[use Contact Agent Button]

Services: Gas central heating, mains water, drainage and electricity.

Tenure: This property is freehold and is sold with tenants in situ. The vendor advises us that the property is HMO licensed and we would always advise that this is confirmed through conveyancing.