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