Property photos
Freehold
Guide price
£500,000
Retail premises for sale
Mortimer Street, Herne Bay CT6Local area information
Property location
Nearby amenities
- Herne Bay Junior School 0.2 miles
- Herne Bay Infant School 0.3 miles
- Herne Bay 0.7 miles
- Chestfield & Swalecliffe 2.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Herne Bay to find out more about the local area.
Features and description
- Freehold
- 275 SqM
Ground Floor Investment With First And Second Floor Potential!
Prime retail investment let to Scrivens until May 2034, producing £24,000 per annum. Plus with two vacant upper floors offering the potential for 3 self-contained flats (STP)
Guide Price of £500,000 exclusive, no VAT.
Miles and Barr Commercial are delighted to be assisting with the marketing of this magnificent building in the ever-popular Mortimer Street, Herne Bay.
Introducing an exceptional commercial property boasting vast development potential, an enviable location, and a rare opportunity for investors and entrepreneurs alike. Situated in a prime location, this retail space spans an impressive 275 square metres offering a multitude of possibilities for prospective buyers.
This property presents an exciting investment opportunity with the potential for further development on the upper floors. The ground floor is currently let, generating a healthy income of £24,000 per annum on a secure 10-year lease agreement. The current tenant provides a stable income stream for investors, while the prospect of developing the upper floors opens up endless possibilities for expansion and increased revenue.
The property's prime location adds to its allure, placed strategically in a bustling area with high foot traffic and excellent visibility. This sought-after location ensures maximum exposure for any business operating within the premises and offers great potential for attracting a diverse range of clientele.
The rare opportunity to secure a property of this calibre with such significant development potential is not to be overlooked. Whether you are an investor looking to expand your portfolio, a business owner seeking a new flagship location, or a developer with a vision for transformation, this property offers a canvas of possibilities waiting to be realised.
Don't miss out on the chance to capitalise on this exceptional property that combines a lucrative investment opportunity with a prime location and the potential for significant growth. With its current rental income, development prospects, and strategic positioning, this property is a rare gem in the competitive commercial real estate market. Seize this opportunity to make your mark with this outstanding property and unlock its full potential.
Identification checks
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
Gf Shop
125.7 Sqm
Ff Room One
48.46 Sqm
Ff Room Two
11.7 Sqm
Ff Toilets (M)
8.6 Sqm
Ff Toilets (F)
12.35 Sqm
Ff Kitchen
24.4 Sqm
Sf Landing
2.24 Sqm
Sf Room One
10 Sqm
Sf Room Two
10.46 Sqm
Sf Room Three
3.55 Sqm
Sf Room Four
7.78 Sqm
Prime retail investment let to Scrivens until May 2034, producing £24,000 per annum. Plus with two vacant upper floors offering the potential for 3 self-contained flats (STP)
Guide Price of £500,000 exclusive, no VAT.
Miles and Barr Commercial are delighted to be assisting with the marketing of this magnificent building in the ever-popular Mortimer Street, Herne Bay.
Introducing an exceptional commercial property boasting vast development potential, an enviable location, and a rare opportunity for investors and entrepreneurs alike. Situated in a prime location, this retail space spans an impressive 275 square metres offering a multitude of possibilities for prospective buyers.
This property presents an exciting investment opportunity with the potential for further development on the upper floors. The ground floor is currently let, generating a healthy income of £24,000 per annum on a secure 10-year lease agreement. The current tenant provides a stable income stream for investors, while the prospect of developing the upper floors opens up endless possibilities for expansion and increased revenue.
The property's prime location adds to its allure, placed strategically in a bustling area with high foot traffic and excellent visibility. This sought-after location ensures maximum exposure for any business operating within the premises and offers great potential for attracting a diverse range of clientele.
The rare opportunity to secure a property of this calibre with such significant development potential is not to be overlooked. Whether you are an investor looking to expand your portfolio, a business owner seeking a new flagship location, or a developer with a vision for transformation, this property offers a canvas of possibilities waiting to be realised.
Don't miss out on the chance to capitalise on this exceptional property that combines a lucrative investment opportunity with a prime location and the potential for significant growth. With its current rental income, development prospects, and strategic positioning, this property is a rare gem in the competitive commercial real estate market. Seize this opportunity to make your mark with this outstanding property and unlock its full potential.
Identification checks
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
Gf Shop
125.7 Sqm
Ff Room One
48.46 Sqm
Ff Room Two
11.7 Sqm
Ff Toilets (M)
8.6 Sqm
Ff Toilets (F)
12.35 Sqm
Ff Kitchen
24.4 Sqm
Sf Landing
2.24 Sqm
Sf Room One
10 Sqm
Sf Room Two
10.46 Sqm
Sf Room Three
3.55 Sqm
Sf Room Four
7.78 Sqm
Floor plans and tours
Floor plans (2)
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Miles & Barr - Commercial
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Property descriptions and related information displayed on this page are marketing materials provided by - Miles & Barr - Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Miles & Barr - Commercial for full details and further information.