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£900,000

West Malling, Tonbridge and Malling, Kent

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Property FEATURES

  • MIXED USE INVESTMENT OPPORTUNITY IN POPULAR WEST MALLING VILLAGE
  • Passing Rent £41,000 per annum
  • Offers in the region of £900,000
  • Commercial leases expiring 2027 & 2030 respectively plus 12 month AST
  • Potential for re-development on upper floors

Property DESCRIPTION

Description

FOR SALE - FREEHOLD MIXED-USE INVESTMENT IN WEST MALLING
Current rental income of £41,000 per annum.

Two separate retail units currently occupied. Residential 1-bed cottage let on 12 month AST.
There is potential to add value by the possibility of conversion of the commercial upper floors to residential accommodation, subject to obtaining the necessary consents.

14-16 Swan Street - 12 year lease expiring 2027, Break at year 6, rent £14,000 per Annum
18-22 Swan Street - 10 year lease expiring 2030, Break at years 5 & 10, rent £18,000 per Annum
24 Swan Street - 12 month AST expiring April 2023, rent £9,000 per Annum

MIXED USE INVESTMENT OPPORTUNITY IN POPULAR WEST MALLING VILLAGE

Passing Rent £41,000 per annum

Offers in the region of £900,000

Commercial leases expiring 2027 & 2030 respectively plus 12 month AST

Potential for re-development on upper floors

Property LOCATION

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