Available
Canterbury – Kitchen Showroom
28/28A St. Dunstans Street, Canterbury, Kent CT2 8BZLeasehold Retail Investment
Price
£260,000
Rent P.A.
£26,169.96
Yield
10.07%
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
4y 5m
Area
1,108 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises double fronted retail premises t/a Kitchen Showroom
- Situated within short walk from Canterbury West train station, with occupiers nearby including Sainsbury`s Local, Cake Box, Pharmacy, Convenience Store and more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
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
Ground Floor: 103 sq m (1,108 sq ft)
Two showrooms, kitchen, two storage rooms and two wc`s
Tenancy Description
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.
Tenure:
Long leasehold. Held on a 125 Year lease from 1st May 2013 at a ground rent of peppercorn. Reversion 2138.
Tenancies & Accommodation
Location Description
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.