Mixed-Use Part Investment Property For Sale. Ground Floor Office/Retail unit with Two Let Flats Above. For Occupation or Investment.
For sale - £495,000 Guide Price 865 Sq Ft (80.36 Sq M)
19&21 West Street, SITTINGBOURNE, ME10
Property description
The property comprises a mid terraced, vacant ground floor double fronted office/retail area wih ancillary accomodation to the rear.Above this, at first floor level are two flats one bedroomed flats with separate access, both currently let and accessed from the rear of the property.
Location
West Street occupies a central position within Sittingbourne town centre, providing an established commercial location with access to a range of local businesses, retail amenities and services. The surrounding area comprises a mix of commercial and retail premises, offices and residential accommodation, creating an established town-centre environment.The location benefits from proximity to Sittingbourne High Street and the town's principal amenities, with Sittingbourne railway station within convenient reach, providing rail services to London and destinations across Kent. The A2 and nearby M2 motorway also provide road links to the wider Kent region and the national motorway network. Situated between the Medway towns of Rochester/Chatham/Gillingham to the west, Maidstone to the south and Canterbury to the east, Sittingbourne, with a population in the region of 50,000, is an established retail location supported by a substantial industrial area. West Street's town-centre position and accessibility make it a convenient location for a range of commercial occupiers, subject to the property's specific use, configuration and planning requirements.
Accommodation
All areas are approximate net internal.Ground Floor Retail/Office area: 737 sq ft...........68.5 sq mStore: 55 sq ft...........5.1 sq mKitchen: 73 sq ft...........6.8 sq mWCFirst Floor - Flat 19a. Comprising Living Room/kitchen living area, 1 Bedroom. Bathroom.First Floor - Flat 21a. Comprising Living Room/kitchen living area, 1 Bedroom. Bathroom.
Terms
The property is available for sale freehold with vacant possession of the ground floor and the benefit of income from the 2 first floor flats. We understand that Flat 19a is let on an an assured periodic tenancy at £800 pcm and 21a at £850 pcm. The ground floor is to let at a quoting rent of £25,000 per annum (vacant).
Price
Offers is the region of £495,000 are invited for the freehold interest subject to the residential tenancies and vacant possession of the ground floor.
Rateable Value
Description: Shop & PremisesRateable Value (2026) £18,500UBR in £ 43.2pRates Payable: Potentially nil if this is the occupiers only property as occupiers of premises with a Rateable Value below £12,000 may qualify for full relief.Potential applicants are advised to check with the Local Rating Authority Swale Borough Council for the actual business rates payable.
Planning & Building Regulations
It is the responsibility of the purchaser or tenant to satisfy themselves that the intended use of the property complies with the relevant planning permission and building regulations in force at the time of the purchase or letting.
Legal Costs
Each party to be responsible for their own legal and other costs associated with the transaction.
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