Shop
£275,000
Ashford, Kent
Description
RE-AVAILABLE DUE TO ABORTED NEGOTIATIONS
FREEHOLD INVESTMENT FOR SALE - 72 High Street, Tenterden is a substantial 3-storey building occupied under an FRI lease by Vision Express on a Lease expiring 30th September 2024.
The property is Grade II Listed, of brick and rendered elevations under a pitched tiled roof, has a large double fronted ground floor retail area with separate flat on the upper floors. To the rear of the main building, there is an attached 2-storey rear element which can be accessed separately from the back of the property being of weatherboard elevations offering additional storage and staff room / kitchen area.
Internally the main ground floor retail area is primarily open planned and fitted out by Vision Express which leads through to the rear consulting rooms and steps down to a fire escape, WC, store area with staircase leading up to the first floor staff kitchen/meeting room for the shop. The front has been separated to a manager's flat, currently associated with the shop but with its own entrance over 2 floors with an open plan lounge/dining area leading through to the kitchen and, on the second floor, 2 bedrooms and a bathroom.
The first and second floor flat currently form part of the demise, however there is potential to add value to the property by refurbishing the flat and let separately on an AST basis, subject to agreeing terms upon expiry of the existing Lease.
N.B. The adjoining properties, 74 High Street and Drover' Lodge are also available for sale by separate negotiation.
Freehold Investment For Sale
Let to Vision Express (UK) Ltd
Currently Let at £24,400 per annum
Offers in the region of £275,000
8.87% ARY
Potential to Add Value
Tenure Comments
Freehold under Title No. K214182
Sibley Pares (Commercial)
1 Ashford Road
Maidstone
Kent
ME14 5BJ
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