Retail premises for sale

Prime retail investment let to Scrivens until May 2034, producing £24,000 per annum. Plus with two vacant upper floors offering the potential for 3 self-contained flats (STP)

Guide Price of £500,000 exclusive, no VAT.

Miles and Barr Commercial are delighted to be assisting with the marketing of this magnificent building in the ever-popular Mortimer Street, Herne Bay.

Introducing an exceptional commercial property boasting vast development potential, an enviable location, and a rare opportunity for investors and entrepreneurs alike. Situated in a prime location, this retail space spans an impressive 275 square metres offering a multitude of possibilities for prospective buyers.

This property presents an exciting investment opportunity with the potential for further development on the upper floors. The ground floor is currently let, generating a healthy income of £24,000 per annum on a secure 10-year lease agreement. The current tenant provides a stable income stream for investors, while the prospect of developing the upper floors opens up endless possibilities for expansion and increased revenue.

The property's prime location adds to its allure, placed strategically in a bustling area with high foot traffic and excellent visibility. This sought-after location ensures maximum exposure for any business operating within the premises and offers great potential for attracting a diverse range of clientele.

The rare opportunity to secure a property of this calibre with such significant development potential is not to be overlooked. Whether you are an investor looking to expand your portfolio, a business owner seeking a new flagship location, or a developer with a vision for transformation, this property offers a canvas of possibilities waiting to be realised.

Don't miss out on the chance to capitalise on this exceptional property that combines a lucrative investment opportunity with a prime location and the potential for significant growth. With its current rental income, development prospects, and strategic positioning, this property is a rare gem in the competitive commercial real estate market. Seize this opportunity to make your mark with this outstanding property and unlock its full potential.

Identification checks

Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Location

Herne Bay is a popular coastal town benefiting from a range of local amenities including retail outlets and educational facilities. There are also a good range of leisure amenities including rowing, sailing and yacht clubs along with a swimming pool, theatre and cinema. The mainline railway station (approximately 1 mile distant) offers fast and frequent links to London (Victoria approximately 85mins) as well as the high speed service to London (St Pancras approximately 87mins). The town also offers excellent access to the A299 which gives access to the A2/ M2 motorway network. The picturesque town of Whitstable is only 5 miles distant which also enjoys a variety of shopping, educational and leisure amenities including sailing, water sports and bird watching, as well as the seafood restaurants for which it has become renowned. The City of Canterbury is approximately eight miles distant with its Cathedral, theatre and cultural amenities, as well as benefiting from excellent public and state schools. The City also boasts the facilities of a major shopping centre enjoying a range of mainstream retail outlets as well as many individual shops.

Gf Shop

125.7 Sqm

Ff Room One

48.46 Sqm

Ff Room Two

11.7 Sqm

Ff Toilets (M)

8.6 Sqm

Ff Toilets (F)

12.35 Sqm

Ff Kitchen

24.4 Sqm

Sf Landing

2.24 Sqm

Sf Room One

10 Sqm

Sf Room Two

10.46 Sqm

Sf Room Three

3.55 Sqm

Sf Room Four

7.78 Sqm