Freehold Mixed Use Investment In Town Centre

An excellent freehold investment situated in the heart of Broadstairs high street, comprising an end-terrace block of four shops with five maisonettes above. All the shops are currently let, and each of the maisonettes has been sold on long leases. The property benefits from a parking area to the rear, and numbers 65-67 High Street also include two garages. 59 High Street is trading as 59 Broadstairs and is let under a 10-year lease from 1st May 2018 running to 1st May 2028 at a current rental of £12,000 per annum with three-yearly rent reviews (EPC Rating: D). 61 High Street is trading as Sylvester's Dry Cleaners under a 21-year commercial lease from 23rd December 1991, with the tenant currently holding over and paying £900 per calendar month (£10,800 per annum) (EPC Rating: B). 63 High Street is trading as Westwood Aquariums under a 12-year lease from 29th September 2000 at a current rental of £3,000 per quarter (£12,000 per annum) (EPC Rating: C). 65 & 67 High Street is trading as Expression Gift Shop and is let on a 10-year lease from 1st September 2026 at a current rental of £20,000 per annum (EPC Rating: C). The residential portion comprises five flats at Stephen Close sold on long leases with ground rents ranging from £50 to £100 per annum. The property is ideally positioned close to the seafront and the mainline railway station.