£500,000
5 bed light industrial for saleBroadway, Sheerness ME12
5 beds
5 baths
5 receptions
eXp World UK
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About this property
A Freehold investment opportunity for 1 shop and 4 flats
Shop refurbished to the tune of around £65000
All properties are rented the shops since 1992 with the same tenant
The ground floor flat which comes with a courtyard garden
The ground floor flat has had the same tenant for 33 years
Security entry door to the left of the shop for x3 flats
The ground floor flat has its own access round the back.
Multiple off road parking spaces around the back
Sold with the tenants in suture please refer to the description for the numbers
EPC commerical is a D(90)Please quote PA1009 when calling in
Commercial Unit Details:
The ground-floor shop is currently leased to Countrywide Estate Agents, a reputable national chain, who have been in occupation since 1993. The current rent is £8,850 per annum, which reflects an agreement following a £65,000 renovation funded by the tenant a couple of years ago. This lease runs until 24th November 2028, at which point the rent can be renegotiated to modern market values.
Local comparable rents for similar commercial units on The Broadway are currently between £18,500 and £20,000 per annum, providing significant future rental uplift.
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Residential Flat Details (All Tenanted):
• Flat 1 – First floor, large 1-bedroom. Let since 2002, rising to £150/week from April 2025 (£7,800 pa)
• Flat 2 – First floor, large 1-bedroom. Let since 2023 at £775/month (£9,300 pa)
• Flat 3 – Duplex over 1st & 2nd floors, large 1-bedroom. Let since 2022 at £650/month (£7,800 pa)(The Internal Photos are of this property)
• Flat 4 – Ground floor, 2-bedroom with courtyard garden. Let since 1993 at £625/month (£7,500 pa)
All tenants are long-standing, contributing to a stable and predictable income stream.
Total residential income: £32,400 pa
Total current annual income (including shop): £41,250 pa
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Investment Highlights:
• Immediate income from fully let units
• Substantial rent review opportunity in 2028 on the commercial unit
• Rear parking for 4 vehicles, one per flat
• Located in a busy commercial stretch of Sheerness, walking distance to transport links, high street shops and Sheerness seafront
• Ideal hands-off investment for portfolio buyers or a mixed-use specialist
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