Retail in ME8 available for sale
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Retail Properties for Sale near the ME8, Gillingham

Retail Properties for Sale Within 5 miles of the ME8, Gillingham

More details for 125-127 High St, Chatham - Retail for Sale

125-127 High St

Chatham, ME4 4DH

  • Retail for Sale
  • £1,400,000
  • 51,129 sq ft
  • Security System
  • Wheelchair Accessible

Chatham Retail for Sale

DEVELOPMENT OPPORTUNITY -- FOR SALE Overview The site is situated on Chatham High Street, in the centre of the Medway towns and represents an excellent development opportunity for potential residential or alternative commercial uses. The site is 0.37 hectares (0.9 acres), with the existing property providing a total of 4,750 sq m (51,129 sq ft) of accommodation spread over three floors, plus a small basement of 105.5 sq m (1,135.6 sq ft). To the rear there is a parking and loading area for the property and a small parcel in the north west corner that had previously been utilised for a local car sales business. The property is currently let to a Charity on a flexible short term basis. Location The site is situated on the intersection of Medway Street and Waterfront Way, which faces the enhanced public space and bus interchange. The site also has a frontage facing on to the High Street. To the north the site borders Chatham Waterfront development which is a private scheme of 176 residential 1 & 2 bedroom apartments being delivered by Medway Development Company. To the East is Mountbatten House, a 12 storey office building that forms part of the Pentagon Centre, that has recently achieved planning for the conversion of the existing, plus an extension, to provide a total on 164 apartments. There is a significant amount of investment being made by Medway Council in to this area of Chatham and this site provides the next logical extension to this regeneration. Transport Chatham offers fantastic transport links via rail and bus increasing connectivity to London and the surrounding areas. Chatham station is less than 1/2 mile walk from the site and offers direct services to London Victoria, London Bridge, London Blackfriars and a Highspeed service to London St Pancras International (40 minutes) . Proposed Development A scheme which proposed 166 dwellings, with ground floor commercial and associated parking, has been discussed with Medway Council and details regarding this work and correspondence are included in the data room. Planning To help deliver the Council's regeneration objectives, the Council produced the 'Chatham Town Centre Masterplan' (Nov 2019) which is intended to sit alongside the new Local Plan and will inform proposed allocations. Positioned in the 'Waterfront Quarter' the Site is located in a focal area and is identified as suitable for retail and residential development, where storey heights of between 6-15 storeys would be supported. The site has minimal constraints but proposals should take in to consideration that the majority of the site falls within Flood Zones 2 and 3 and that Sun Pier and the area to the West forms Star Hill to Sun Pier Conservation Area.

Contact:

Sibley Pares Chartered Surveyors

Date on Market:

10/10/2022

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More details for 45 Green St, Gillingham - Retail for Sale

45 Green St

Gillingham, ME7 1AD

  • Office / Retail for Sale
  • £195,000
  • 1,469 sq ft
  • 1 Unit Available
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FAQs about Retail property for sale in ME8

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in ME8?
There are currently 0 Retail Properties available for sale near ME8. These ME8 Retail Property listings have an average size of. The largest available listing in ME8 is. The thriving commercial centre and excellent transport links in ME8 make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in ME8?
The average price/SF for Retail Property for sale in ME8 is about. The cost per sq ft for Retail Property in ME8 ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in ME8?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in ME8?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in ME8 is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the ME8, Gillingham

With 0 retail units currently available for sale in ME8, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in ME8, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in ME8, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in ME8 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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