Mortimer Street, Herne Bay, CT6

Property Details: • Type: 2,939 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Development Potential • Prime Location • Rare Opportunity • 275 SqM

Location: • Nearest Station: Herne Bay Station • Distance to Station: 0.7 miles

Agent Information: • Address: 1 The Links, Herne Bay, Kent, CT6 7GQ

Full Description: 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 checksShould 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