NOW OPEN 7 DAYS A WEEK!!

High Street, Broadstairs

O.I.R.O. £495,000


Property Specification

FREEHOLD BUILDING INCLUDING THREE BEDROOMED MAISONETTE!

An exciting opportunity to purchase a freehold property with a mix of commercial and residential accommodation right in the heart of Broadstairs. Located on Broadstairs’ High Street, within walking distance of Viking Bay and the varied selection of independent shops, restaurants and pubs that this beautiful town has to offer. The residential portion of this property is an impressive three bedroomed maisonette with a private entrance door to the side of the building on the lovely cobbled and picturesque Raglan Place. Benefits include three double bedrooms, good sized lounge overlooking the high street, kitchen/dining room and family bathroom. No chain!

We believe the apartment alone would be worth over £350,000 if sold separately, so having an established business premises below, with separate access, providing a regular income makes the total freehold selling price very attractive.

The business has utilised the courtyard that exists to create additional space for storage and refrigeration but in the long term this useful space could be reclaimed as a courtyard garden.

The apartment could be a beautiful main residence, second home, working holiday home or a property to let. We believe the property would generate an estimated income of £900pcm or considerably more as a holiday let, once established.

Could this be the investment you have been looking for? Maybe to purchase now and eventually live, work and enjoy life in one of the most sought after locations on the English coast. Create a lifestyle that most people can only dream of!

Viewings are strictly by appointment only. We are open 7 days a week.

Agent’s note: The freehold for the whole building and the maisonette is available for sale now. The business is not for sale. The lease for the business premises will not be available until it expires. The vendors have informed us that the commercial part is leased until 2024 and the residential part is on a assured shorthold tenancy (AST) until November 2018. The freehold as a whole is generating 5% gross income per annum.

Key Features

Freehold Purchase Split Between a THREE Bedroomed Maisonette And The Leasehold Of The Business, Fabulous Location, Great Investment.



Location


Accomodation & Measurements


Entrance To Maisonette
Entry to the property is via Raglan Place. Wooden front door with fan light over, stairs to first floor, round wood and glazed window, fitted carpet.

Landing
Fitted carpet, stairs to second floor, doors to all rooms, radiator.
Lounge
17' 2" x 11' 6" (5.23m x 3.51m) maximum measurements, wood and glazed bow window to front, feature fire surround, fitted carpet, picture rail, coving, two radiators.
Kitchen/Dining Room
13' 6" x 11' 8" (4.11m x 3.56m) maximum measurements, aluminium double glazed window to rear, wood effect flooring, built in storage, feature fire surround, range of matching base units with inset stainless steel sink and drainer, integrated oven and hob, radiator.
Bedroom Three
12' 2" x 10' 4" (3.71m x 3.15m) maximum measurements, wood and glazed bay window to side, wood and glazed window to front, fitted carpet, picture rail, radiator.
Bathroom
6' 4" x 6' 2" (1.93m x 1.88m) obscured wood and glazed window to rear, panel bath with shower attachment and screen, pedestal wash hand basin, low level flush W.C, wood effect flooring, towel type radiator.

Landing
7' 6" x 6' 3" (2.29m x 1.91m) Walk in storage cupboard with power and light, eaves storage housing the boiler and light, door to;
Bedroom One
12' 2" x 11' 8" (3.71m x 3.56m) wood and glazed window to front, built in storage, feature fire surround, radiator.
Bedroom Two
13' 1" x 10' (3.99m x 3.05m) maximum measurements, wood and glazed window to rear, feature fire surround, fitted carpet, radiator.