61 Harbour St 325 SF Retail Building Whitstable CT5 1AG $763,483 CAD ($2,349.18 CAD/SF) 6.31% Cap Rate

A rare opportunity to acquire a freehold investment property in the heart of Whitstable's sought-after Harbour Street. The property comprises a well-presented ground floor wine bar with courtyard seating, together with a self-contained first floor studio currently used for storage. Both elements are let to Porto Wine Bar Limited, providing a secure rental income until June 2032. The wine bar benefits from a prominent trading position, character frontage, and a charming courtyard to the rear. The studio above is separately accessed and currently arranged as a storage area. This property offers investors a stable income stream in one of Kent's most desirable seaside towns.
Location
Harbour Street is Whitstable's primary retail and leisure destination, known for its mix of independent boutiques, restaurants, and lifestyle businesses. The property sits just moments from Whitstable Harbour and seafront, attracting year-round visitor footfall as well as strong local trade. Whitstable is located approximately 7 miles north of Canterbury and 60 miles from London, easily accessible via the A299 and Whitstable railway station (services to London Victoria and St Pancras).
Legal Costs
Each party is to be responsible for their own legal costs incurred in this transaction.
Tenure & Terms
Tenancy
Tenant: Porto Wine Bar Limited (Co. Reg. 14076239)
Lease Term: Expiring June 2032
Passing Rent: £26,600 per annum (£17,000 GF, £9,600 FF)
Tenure: Freehold
Lease Start: June 2022
Lease Expiry: June 2032 (c. 7 years unexpired)
Break Clause: Tenant option to break in June 2027 (6 months' notice) for upper floor only.
Rent Review: June 2027 (upwards only, open market)
Repairing Obligation: FRI (Full Repairing & Insuring) - via service charge
Deposit: 6 months' rent held of ground floor rent.