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To book a viewing for this property, please call Louis & Co, on 01622 600333.

To book a viewing for this property, please call Louis & Co, on 01622 600333.

For Sale
£299,950

Retail, Luton High Street, Chatham, ME5

Luton High Street, Chatham, ME5

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Louis & Co

85 King Street, Kent

Description

Ground floor commercial unit with yard with parking and first floor one bedroom flat with independent entrance from the rear, lounge/kitchen, bathroom with corner bath with shower over and bedroom. The flat is let at £750 per calendar month and the shop had been let until recently at £825 monthly so the property was generating £18,900 per annum (6.3% rental yield at asking price).

The commercial unit has just become vacant and it is anticipated that a higher rent may be able to achieved.

Planning permission has been obtained to create a total of 4 residential dwellings by converting the existing shop into residential and create 2 additional dwellings on the site. The reference for the planning application is MC/23/0782.

The illustrative image shown is a CGI of the proposed development. Please note that the images of the first floor flat date from before the start of the current tenancy (it is now occupied) and the ground floor photos date from the end of the tenancy of the last commercial tenant.

Ground Floor Commercial Unit EPC rating E 117

First Floor Flat EPC rating E


EPC Rating: E

Key Features

  • Ground floor commercial unit with first floor flat
  • Yard/parking area to side and rear
  • Planning permission to redevelop to create 4 dwellings
  • Suitable for investment income, development or business owner
  • Generating £18,900 when both units most recently let (6.3% yield at asking price)

Property Details

  • Property type: Retail
  • Council Tax Band: TBD
Please note, property and plot sizes displayed are for guidance purposes only and may have been derived from publicly available information over which neither the agent nor Street.co.uk have control.

Outside Spaces

Yard

hard standing to side and rear with access for parking

Parking Spaces

Off street

Capacity: 4

hard standing yard area currently allows for parking for the commercial unit

Location

The property is located on Luton High Street of Chatham near to the Capstone Road end of the street.

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Disclaimer - Property ID cddc8cf8-19f1-4e47-b7ce-5a18a8681106. The information displayed about this property comprises a property advertisement. Street.co.uk and Louis & Co makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Street.co.uk has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the advertising agent. Please contact the agent or developer directly with any questions about this listing.