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78-80 High Street 78-80 High Street, Strood, ME2 4AR

Sold
78-80 High Street 01

Agents

Cradick Retail logo

Cradick Retail

Alexander Standen

Jack Pearman

Use Class

Use Class

E

Size

Size

4,798 sq ft

Rent pa

Rent pa

POA

Price

Price

£585,000

Description

Freehold Investment

The property is formed from two units which have been amalgamated to offer nearly 2,500 sq ft (GIA) sq ft at ground floor. The first floor is currently in partial use as ancillary office space and storage, and the third floor is not currently in use. Other buildings in the area have been divided and the upper floors converted to other uses such as residential.

Key Information

Viewing

To arrange an inspection of the property please contact agents.

Accommodation

4,798 Sq.Ft

The property is arranged over the ground, first and second floors. The property benefits from rear servicing.

Areas
Sq.Ft
Sq.M
Ground Floor
2,120
196.95
First Floor
2,431
225.84
Second Floor
247
22.94

Financial

Rent

The property is currently subject to a 10 year lease expiring 21 August 2028.

Rates

Prospective occupiers should make their own enquiries to verify this information.

Costs

Each party is to be responsible for its own legal costs incurred in the transaction.

Price

Offers are sought in the region of £675,000 (six hundred and seventy five thousand pounds) for the freehold interest. The property is currently subject to a 10 year lease expiring 21 August 2028 with a tenant only break option at 21 August 2023 and a rent review at this time. Rent passing is £44,500 per annum exclusive.

Tenure

Freehold

Rates

Rateable Year:
2023
Rateable Value:
£31,249.00
Rates payable:
£15,593.00
UBR:
49.9p/£

Sustainability

Energy Performance Certificate

D
Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 04/09/2024