Commercial Property
£400,000
East Street, Faversham
Shop-Ground floor
Front & Rear showrooms l Storage to side
1st floor
Kitchen l Bathroom l 3 Showrooms
2nd floor
Open plan showroom
Bothy-Ground floor
Washroom l 2 Storage areas
1st Floor
Open plan room
This rare investment opportunity offers immense flexibility. The upper two floors of the main building are ideally suited for conversion into two generous two-bedroom apartments, while retaining the ground floor and basement for commercial/retail use.
Currently, a flat-roof extension expands the shop floor and connects through to the detached, two-storey Bothy. Removing this extension presents an exciting opportunity to create valuable off-street parking and/or private garden space to serve the proposed residential dwellings.
The Bothy would make an excellent detached two storey one bed house.
The Bothy would make an excellent detached two storey one bed house. The Bothy is currently attached to the shop with the flat roof extension, with the ground floor consisting of a washroom and two store rooms. Stairs lead up to a good size open plan space.
The main building is believed to date back to c18 and there is evidence that it was originally a house. The property is grade ll listed and any interested parties will require listed planning permission for any proposed redevelopment.
The tenant is currently on a rolling contract, paying £19,000 pa and is looking to continue the tenancy until any planning for redevelopment has been granted.
Location
Nestled in the heart of Kent, Faversham is a vibrant and characterful historic market town, rich in heritage
and renowned for its picturesque cobbled streets and striking period architecture. At its heart lies a thriving community, celebrated for its traditional markets, independent shops, welcoming eateries, and lively pub and music scene - all contributing to a warm and dynamic atmosphere. Education is a key strength of the town, with highly regarded schools including Queen Elizabeth's Grammar School. Cultural and recreational opportunities are abundant, including a theatre, both indoor and open-air swimming pools, and expansive green spaces such as the recreation ground. The surrounding countryside, stunning Kent coastline, and the nearby city of Canterbury are all within easy reach. High-speed rail links provide swift access to London, while excellent road connections to major motorways make commuting and travel straightforward. With its unique combination of history, community spirit, excellent amenities, and superb transport links, Faversham offers an exceptional quality of life-a town where heritage meets opportunity and where tradition and vitality thrive side by side.
Additional Important information
Title: Freehold
Rateable Value: £23500
The following information has been confirmed by our client and we have not verified this information-please ensure that you verify this information before proceeding with a purchase. Our vendor has supplied the property construction information to the best of their knowledge, but they are not surveyors and we recommend that any purchaser carries out a survey to confirm this information.
Property Construction
Brick walls and tiled/slate roof
Sewerage - Mains Waste
Electricity Supply- No other supply other than mains electric
Water Supply - No other supply other than mains water
Heating - Gas central heating
Broadband Type - FTTP (Fibre to the premises
We recommend that any prospective purchaser:
Check the installation types available at the address from Openreach: https://www.openreach.com/fibre-broadband
Check the speed and supply or coverage at the address at Ofcom checker: https://checker.ofcom.org.uk/en-gb/broadband-coverage
Mobile Signal/coverage
Our vendor is not aware of any known issues with mobile phone signal, such as areas of restricted coverage specific to the property.
We recommend that any prospective purchaser:
Check the Ofcom checker to ascertain coverage availability at the property: https://checker.ofcom.org.uk/en-gb/mobile-coverage
Check with your provider as to the availability of coverage and likely speeds
Take your mobile on a viewing and test at the property
Parking
Potential for parking spaces *Subject to the necessary consents
Building Safety
Our vendor is not aware of any known building safety issues or any planned or required works needed to rectify any identified defect/hazard
Restrictions
The property is listed and listed consent will be required for any redevelopment.
Rights and Easements
Our vendor is not aware of any rights of ways or easements over the property
Flood/Erosion risk
Our vendor confirms that the property has not flooded in the last 5 years
Our vendor has confirmed that they are not aware of any known risk of coastal erosion affecting the property and its boundary
Planning Permission or Proposal for Development
Our vendor is not aware of the existence of any known planning permission or proposals for development, construction or change of use affecting the property and its immediate
locality.
Coalfield or Mining Area
Our vendor is not aware of coalfield below the property and has confirmed they are not aware of any other mining activity that could affect the property.
Floorplans-Please note that the floorplans are only a guide and will not be accurate, or to scale.
Identification and Anti-Money Laundering check (AML)-If an offer is accepted on a property marketed by Invicta Estate Agents, then all purchasers are required to complete ID verification checks and AML checks, which is a legal obligation.
We use a specialist third-party company to carry out these checks. The fee is £60 per buyer AND £60 per donor if any part of the deposit has been/is being gifted to the buyers
(No VAT payable), to our sister company Invicta Property Management Ltd. Please note that this charge is non-refundable and sales memorandums cannot be issued until the fee has been paid.
Invicta Estate Agents are members of the The Property Ombudsman Scheme.
Please note that photography or video recording is not permitted during a viewing unless agreed in advance.
Viewings strictly by appointment with Invicta Estate Agents 01795 591080.
Tenure: Freehold
Invicta Estate Agents
1 Queens Parade
East Street
Faversham
Kent
ME13 8AQ
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