Retail premises for sale in Investment Sale, Broad Robin, Gillingham SP8, £1,000,000

1,000,000.00

Offer Nr.:
65201559
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Chesters Harcourt
Phone(s):
01935 590847

* Freehold
* Neighbourhood retail scheme
* One Stop anchor plus 3 other shops
* 6 Flats
* Car park for circa 25 cars
* Annual Rent £73, 740
* Freehold offered for first time
* Circa 3, 900 sq ft retail
* Circa 3, 400 sq ft residential
* Total site area circa 0. 34 acres
Retail/Residential Investment. With the anchor tenant being One Stop plus 3
other shops and 6 flats. Total site area of 0. 34 acres.
The property comprises a neighbourhood centre constructed in the early 90s
with a central car park for approximately 25 cars. There are in all 3 detached
buildings. Two of which are retail units with flats at first floor. The third
being a standalone shop. There is in addition a single garage that is not let.
Title plans and extracts are available in the data room together with floor
plans.
Pearce House
Comprising the One Stop shop of circa 2, 200 sq ft with 4 self - contained first
floor flats (Insert Photo number 1523) To the side of Pearce House is the
single garage which shares the shop goods loading rear access.
16/18 Broad Robin
Comprising a pair of lock up shops in all circa 660 sq ft trading as a pet
shop and chiropractors. The upper floor comprises 2 flats.
20 Broad Robin
Comprising a detached shop of some 1087 sq ft trading as a hairdressers.
**Tenancy schedule**
A tenancy schedule is available in the data room. Together with copies of the
leases.
Retail rent passing £35, 700 pa
Residential rent passing £38, 040 pa
Total rent £73, 740 pa
Management of the property is in house with an ad hoc service charge
arrangement being payable on demand.
The flats are let on ASTs.
The One stop lease expires in 2027. The other 3 leases have expiry dates of
2024, 2027 and 2029.

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