For sale - £375,000 Offers in the region of
143 Watling Street, Gillingham, Kent, ME7 2YY
Property description
This is a mixed-use mid-terrace property comprising a ground floor lock up shop which will be let to a local tenant for a term of 10 years with a tenant's only break at the end of the fifth year at a rent of £8,000 per annum for the first five years of the term and, thereafter, to be reviewed for the next five years in the event that the break is not activated. The freehold will be sold subject to the proposed lease but otherwise with vacant possession. The lease will be excluded from the Landlord and Tenant Act 1954.Above this and with separate access, there is a maisonette arranged over three storeys . The original front part of the property is of solid brick construction whilst it is believed that the rear extensions are of cavity wall construction and pebbledash render. These are mainly under a pitched clay tile roof; however, a later kitchen and workshop extension had a flat felt roof. The property has a mixture of timber and uPVC double glazed windows and doors. Both the ground floor shop and maisonette are independently accessible from Watling Street and both have rear accesses into a rear garden. The rear garden benefits from having access from Derby Road or Osprey Avenue.
Location
The property is located in Watling Street Gillingham which is itself on the A2, London to Dover Road. This also gives access to the M2 motorway which is situated approximately 3 miles to the south. Gillingham has all the necessary amenities such as shops and schools with access to a mainlinerailway station on the High-Speed Link into London to the west and the coast to the east, and forms part of the wider Medway Towns conurbation.
Accommodation
Ground Floor Retail areaCovered Shop Window 89 sq ft 8.3 sq mFront Retail Space 242 sq ft 22.5 sq mRear Lobby 39 sq ft 3.6 sq mRear Office 95 sq ft 8.8 sq mKitchen/Utility Room 37 sq ft 3.4 sq mW.C. Total 502 sq ft 46.6 sq mMaisonetteGround Floor Entrance to rear rooms and stairs to upper parts.Rear room 145 sq ft 13.5 sq mRear workshop 107 sq ft 9.96 sq m Door to Garden and GarageFirst FloorFront Room 211 sq ft 19.6 sq m Rear Room 233 sq ft 21.6 sq mBedroom/study 87 sq ft 8.06 sq mKitchen 180 sq ft 16.7 sq mWCSeparate shower roomSecond FloorBedroom 244 sq ft 22.65 sq mBathroom with WC, wash basin, Bidet, Bath and cupboard off.
Terms
The property is offered for sale freehold, subject to the lease of the ground floor retails unit and with vacant possession of the maisonette on the upper floors and rear garden with garage.
Price
Offers in the region of £375,000 for the freehold interest.
Rateable Value
143 Watling Street: Council Tax Band C143a Watling Street:Description: Shop and premisesRateable Value (2026): £10,500UBR in £ (2026-27): 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, Medway 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.
All details are correct at the time of upload. For full terms and conditions, click here