The property comprises a two-storey shop unit within a terrace of similar units, having a concrete frame construction with brick elevations and a flat asphalt covered roof.
The building is arranged to provide a ground floor shop with a rear lobby, toilet and stairs to the first-floor storage and staff area. The shop has access at the rear at both ground floor and first floor as a means of escape and for loading.
Location
The property is located in Sittingbourne town centre in north Kent, to the north of junction 5 of the M2 motorway and the A249 dual carriageway linking Maidstone with the Isle of Sheppey.
The property is situated to the south of the High Street, being part of the Roman Square development, which was constructed in the 1970s and now provides a mix of shops, offices and flats. The development provides a pedestrian link between the High Street and Sainsburys supermarket and car parks at the rear.
Proposition & Terms
The freehold interest in the property is offered for sale subject to the existing tenancy described. We are instructed to seek offers in excess of £160,000 subject to contract and exclusive of VAT.
A purchase at this level will provide a purchaser with a potential net initial yield of around 7.8% and a price equivalent to less than £125 per square foot.
Please see attached property particulars for full details.
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