This property presents a strategic investment opportunity located in the heart of Herne Bay. Currently, the ground floor is occupied by a well-established retail tenant, Scrivens, providing a steady rental income of £24,000 per year under a secure lease that extends until May 2034. However, the real potential lies in the two unoccupied upper floors, which could be developed into three self-contained flats (subject to planning permission). The total area spans approximately 275 square metres, offering ample space for transformation.
Nestled in a vibrant area with significant foot traffic and visibility, this building not only serves as an income-generating commercial asset but also allows for residential expansion which can significantly enhance overall value. The immediate vicinity boasts various local amenities and leisure facilities, making it attractive for both retail operations and residential living.
With its solid rental agreement and promising redevelopment prospects, this property stands out as a valuable addition to any investor's portfolio or for someone looking to embark on a project that taps into the growing demand for residential units in urban centres. This is an ideal chance for investors or developers eager to capitalize on the potential growth opportunities within this sought-after coastal town.
