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Coachman's Corner The Sq 998 sq ft 100% Let Retail Property Gillingham SP8 4AY £325,000 (£325.65/sq ft) 7.74% Net Initial Yield

Investment Highlights
- Fully let investment property
- Traditional construction
- Amazing location with transport links and local business
Executive Summary
Coachman’s Corner is situated just off the High Street in an attractive setting fronting South Street and The Square and comprises an unlisted building of traditional construction with whitewashed brick elevations under a predominantly slate-tiled roof. The building provides two ground floor retail units together with two self-contained flats within its upper parts. The property is currently fully let with a passing rent of £25,140 per annum. 1 Coachman’s Corner, which is let as a pottery workshop, consists of a main sales area, with partitioning to the rear workshop, WC and a corridor that leads to the rear fire escape. 2 Coachman’s Corner is let to a beautician. The layout provides a reception, two treatment rooms and a WC. There is a fire escape to the rear. The Flats are accessed via a shared corridor which is situated off South Street. Flat 1 provides one bedroom accommodation, a kitchen/ dinner and bathroom. Flat 2 provides two bedrooms over two floors together with a large kitchen/ diner and bathroom.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
998 sq ft
Costar Property Class
C
Year Built
1800
Price
£325,000
Price per sq ft
£325.65
Yield
7.74%
NOI
£25,155
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
1 1
Nearby Major Retailers
1 of 2
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Coachman's Corner | The Sq
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