Savoy Stewart - Property | 38 High Street

Property Type	Investment
Availability	For Sale
Size	2540 sqft
Energy Performance Rating	N/A

Town Centre Freehold Restaurant Investment

LOCATION

Canterbury is the main retail centre in East Kent. The city is a popular tourist destination with over 2 million visitors annually. The city itself is approximately 42 km east of Maidstone and 85 KM south-east of central London. Communications to Canterbury are good with the A2/M2 passing to the south of the city providing access to Dover to the east and the national motorway network to the West. Canterbury has two main line stations providing regular rail services to London Victoria and Charing Cross, together with a high-speed rail link from Canterbury West to London St Pancras with a journey time of just 52 minutes. The property itself occupies a strong retail pitch along the pedestrianised High Street in the heart of the city centre other occupiers in the immediate vicinity include Pizza Hut, Holland and Barrett, Nationwide, Bet Fred, Card Factory and numerous other well known national chain retailers.

KEY POINTS

Town Centre Retail/Restaurant Investment located in the in a prime retail pitch in Canterbury
Let to Mexican Grill Limited T/A Tortilla
Upper floors Ancillary
Rent £55,000 pa
Freehold
Let to Substantial Covenant
Offers sought in the region of £600,000 stc
Net Initial Yield 8.7%

The property comprises a late 18th century Grade 11 listed mid terrace timber frame building arranged over basement ground and three upper floors. At ground floor level there is a glazed double shopfront and a recessed glazed pedestrian entrance door. Internally the accommodation is arranged with the restaurant on the ground floor together with a kitchen and customer WC. There is an internal staircase leading to the first second and third floors which are presently used for storage. In addition, there is a trap door to a basement. Externally the property fronts the pedestrian High Street. To the rear is a small yard bounded by the adjoining buildings with access via the rear of the shop.

< Back to properties VIEW SHORTLIST Download Marketing Brochure Download Lease 2022.pdf Download Licence to Alter 2022.pdf Download Energy performance certificate 38 High Street Canterbury.pdf Download Title Deed K265783.pdf Download Title Plan K265783.pdf

Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier

07940 528399

CONTACT AGENT

Stephen Rajbenbach

07957 355397

CONTACT AGENT