38 High Street, Canterbury, CT1 2RY

Location

The property comprises an attractive Grade II listed mid-terrace building arranged over basement, ground and three upper floors.

At ground floor level there is a glazed double shop front with a central recessed pedestrian entrance door. The ground floor is currently fitted out as a restaurant with a commercial kitchen to the rear.

The first floor is on a split-level and comprises a number of rooms used for storage. A further staircase leads to the second floor, which is also on a split-level and provides additional storage space. On the third floor there is another storeroom, together with an attic room to the front.

To the rear is a small concrete surfaced yard bounded by the adjoining buildings with access via the rear of the shop.

Summary

Key points

• Attractive freehold for sale in sought after Cathedral City of Canterbury
• Strong pitch in town centre located amongst variety of chain retailers
• Whole building fully let on new 10 year lease to secure covenant of STA Travel Ltd
• Re-based rent (November 2015)
• Net initial yield of 5.5% after costs

Read More