49-49A Harbour St 625 SF Retail Building Whitstable CT5 1AQ $1,279,945 CAD ($2,047.91 CAD/SF) 7.02% Cap Rate

An exciting opportunity to acquire a substantial freehold mixed-use investment property in the heart of Whitstable, enjoying a prominent trading position with high footfall amongst a diverse mix of independent shops, national retailers, highly regarded cafés and restaurants. Whitstable beach, working harbour, public car parks, bus routes and the mainline railway station are all within a short walk.
The property is available with no onward chain and comprises a substantial three-storey period building arranged as a ground floor restaurant and a spacious two-bedroom maisonette. The commercial premises is let on a full repairing and insuring lease, producing an established income stream until 2029, and comprises a restaurant dining area, kitchen, store room, utility space and cloakroom.
The ground floor commercial premises is subject to a full repairing and insuring lease for a term of five years from and including the date 27/07/2024 with rent at the rate of £30,000 per annum.
The maisonette flat is subject to the following Assured Periodic Tenancy: 49A Harbour Street - Periodic tenancy due to expire on 02/08/2026 with rent at the rate of £1,450 per calendar month.