High Yielding Retail and Industrial Investment

The property comprises a high yielding Retail/Light Industrial investment occupying a prominent corner pitch. Arranged as two commercial units comprising a mix of arches and other units beneath a railway, the property is fully let to two tenants and producing a total combined income of £34,750 per annum. The rail arch is let to a private individual trading as an auto repair shop on a lease from 25.02.1999 and paying £9,750 per annum. We understand the lease has expired but the tenant is continuing to occupy on a periodic tenancy with three months notice to expiry, offering asset management potential via renewal. The remaining commercial unit is let to The Arches Club LLP trading as a leisure facility/snooker hall on a new six year lease expiring 10.03.2032 and paying £25,000 per annum. The property occupies a prominent pitch at the corner of Belmont Road and Oxford Street. Oxford Street leads directly to Whitstable High Street and therefore the property benefits from good footfall and traffic flow.