3 bed Commercial - For Sale
Canterbury Street, Gillingham
£475,000

Coles Group are delighted to present this rare commercial opportunity situated on the popular Canterbury Street, Gillingham.

The property comprises of a large commercial retail unit on the ground floor with 3 Spacious 1 bedroom flats above. This lends itself as an opportunity to multiple investors. Each of the flats are currently let and brings in an annual return of £17,820 (excluding the commercial). The commercial shop unit is current vacant and in need of refurbishment however it had been let previously and you would be looking at achieving rent of £600pcm.

The property benefits from being in the heart of the vibrant Canterbury Street, which is close to the town centre just a short distance from Gillingham train station.

Commercial Unit:

Gillingham forms part of the Medway conurbation along with Rochester, Strood and Rainham in the Borough of Medway.

The subject property is situated in upper Gillingham around 1.5 miles from Gillingham town centre and forms part of a well-established and busy shopping centre within an area of mixed commercial and residential properties. The property fronts on to Canterbury Street which is known as the second High Street in Gillingham, and therefore benefits from substantial passing trade with Busses frequently passing by.

If you were to let the commercial premises out you would be looking at achieving £600pcm.

Flat one:

Flat one:

This spacious one bedroom flat is situated in the heart of Gillingham close to the local amenities and Gillingham train station which is perfect for those London commuters. The property consists of a lounge, modern kitchen with integrated cooker and hob and freestanding washing machine, double bedroom with built-in storage and bathroom consisting of a modern three-piece suite and shower over the bath.

A More Detailed Description Is As Follows: - Lounge,
Modern kitchen with integrated cooker and hob and freestanding washing machine
Double bedroom with built-in storage
Bathroom consisting of a modern three-piece suite and shower over the bath.

This flat is currently let and achieving £515pcm

Additional Information: - Council tax band - A
Double glazing
Gas central heating

Flat two:

Spacious one bedroom flat is situated in the heart of Gillingham close to the local amenities and Gillingham train station which is perfect for those London commuters. The property consists of a lounge, kitchen with integrated cooker and hob and freestanding washing machine, double bedroom and bathroom consisting of a modern three-piece suite and shower over the bath.

This property is currently let on a fixed term contract until July 2023 and achieving £495pcm

Additional Information: - Council tax band - A
Double glazing
Gas central heating

Flat three:

Spacious one bedroom flat is situated in the heart of Gillingham close to the local amenities and Gillingham train station which is perfect for those London commuters. The property consists of a lounge, kitchen with integrated cooker and hob and freestanding washing machine, double bedroom and bathroom consisting of a modern three-piece suite and shower over the bath.

This flat is currently let and achieving £475 pcm

Additional Information: - Council tax band - A
Double glazing
Gas central heating