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28 St. Dunstans St 1,108 sq ft Retail Unit Offered at £275,000 in Canterbury CT2 8BZ
INVESTMENT HIGHLIGHTS
- Prominent frontage
- Showroom
- Prime location
EXECUTIVE SUMMARY
Situated within short walk from Canterbury West train station, with occupiers nearby including Sainsbury`s Local, Cake Box, Pharmacy, Convenience Store and more.
PROPERTY FACTS
| Total Property Size | 1,108 sq ft | Typical Floor Size | 1,108 sq ft |
| Property Type | Retail (Unit) | Year Built | 1910 |
| Property Subtype | Shopfront Retail / Residential | Tenancy | Single |
| Costar Property Class | C | Total Plot Size | 0.37 ac |
| Floors | 3 |
| Total Property Size | 1,108 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | C |
| Floors | 3 |
| Typical Floor Size | 1,108 sq ft |
| Year Built | 1910 |
| Tenancy | Single |
| Total Plot Size | 0.37 ac |
AMENITIES
- Bus Route
- Commuter Rail
- Freeway Visibility
- Security System
- Wheelchair Accessible
1 UNIT AVAILABLE
Unit 28/28A
| Unit Size | 1,108 sq ft | Sale Type | Investment |
| Price | £275,000 | Tenure | Long Leasehold |
| Price Per sq ft | £248.19 | Net Initial Yield | 9.52% |
| Unit Use | Retail | NOI | £26,169 |
| Unit Size | 1,108 sq ft |
| Price | £275,000 |
| Price Per sq ft | £248.19 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 9.52% |
| NOI | £26,169 |
DESCRIPTION
Property Description:
The property comprises double fronted retail premises at ground floor t/a Kitchen Showroom. The units are known as 1/2 Abbots Lodge or 28/28A St. Dunstans Street, providing the following accommodation and dimensions:
Ground Floor: 103 sq m (1,108 sq ft)
Two showrooms, kitchen, two storage rooms and two wc`s
Location:
The attractive City of Canterbury is a major commercial, tourist and administrative centre and is located 55 miles south east of London. The City lies on the A2 which provides access to Dover to the south east and the M2 and in turn M25 to the north west. The A28 provides links to Margate to the north east and Ashford to the south west. The property is situated within short walk from Canterbury West train station, with occupiers nearby including Sainsbury`s Local, Cake Box, Pharmacy, Convenience Store, Takeaway`s and more.
SALE NOTES
Tenancy:
The entire property is at present let to Simpaul Designs Ltd for a term of 5 Years from 23rd July 2025 at a current rent of £26,169.96 p.a. and the lease contains full repairing and insuring covenants. Rent review in July 2027 and 2029 open market upward only. Mutual option to determine in July 2028 with min 6 months notice.
Tenure:
Long leasehold. Held on a 125 Year lease from 1st May 2013 at a ground rent of peppercorn. Reversion 2138.
NEARBY MAJOR RETAILERS
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28 St. Dunstans St
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