Property photos
Auction
Freehold
Guide price
£495,000
Property for sale
St Mary's Road, Faversham ME13Local area information
Property location
Nearby amenities
- Faversham 0.1 miles
- St Mary of Charity CofE (Aided) Primary School 0.2 miles
- Queen Elizabeth's Grammar School 0.4 miles
- Selling 3.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- For Sale by Modern Auction T & c’s apply
- Subject to Reserve Price
- Buyers Fees Apply
- The Modern Method of Auction
- Investment Opportunity
- 5 Flats And A Shop
Rare Opportunity! Excess of 8% Mixed Use Investment!
Presenting a unique investment opportunity in a prime commercial location, this property boasts a total of five flats and a shop, perfectly tailored for investors seeking to expand their portfolio. Nestled in the heart of a sought-after area, this rare offering presents vast potential for those seeking a venture in the commercial property market. The property is also situated close to the train station, perfect for commuters.
The five flats within the property offer versatile living arrangements suitable for a range of tenants. The shop, with its prime street frontage, promises a steady stream of income for the investor. There is also potential with the cellar to be converted to maximise the value of the building.
With its prime location in a bustling neighbourhood with high foot traffic and strong rental demand, this property is an attractive choice for those looking to establish a reliable income stream or capitalise on the thriving local economy. Whether you are a seasoned investor seeking to diversify your assets or a newcomer to the property market looking for a sound investment, this property offers endless possibilities for growth and prosperity.
Of the five flats, four of them are rented, as well as the shop. This allows for a potential £3,330 per calendar month with all of the flats tenanted!
Please call Miles and Barr Commercial today to arrange your viewing, this is not one to be missed.
Auctioneer Comments:
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.
Location
Faversham is one of England’s most historic and charming towns, nestled between the Kent Downs and the austere beauty of its coastal wetlands. This picturesque market town is steeped in history with nearly 500 listed buildings, the famous Shepherd Neame Brewery, Britain’s oldest which was founded in 1698 and a thriving Town Centre which was nominated as a Rising Star in the Great British High Street Awards in October 2015.
Hosting markets every Tuesday, Friday and Saturday, the ‘Best of Faversham’ market is on the first and third Saturday of each month, with Antiques and Vintage on the first Sunday. Faversham dates from pre-Roman times, is mentioned in the Domesday Book and is a bustling place with a fine range of independent shops. It has a good selection of primary schools and two secondary schools, one of which is the renowned Queen Elizabeth Grammar School.
Faversham has some of the best walking in England, with way-marked routes through stunning Kent countryside with cycle route 1 passing through. The town also offers excellent leisure facilities with an indoor and outdoor swimming pool, a cinema, a large park and recreation ground, a museum and numerous pubs and restaurants. Two minutes from the M2 and just over an hour from London by mainline train as well as the High Speed Rail Link, Faversham is easily accessible and is an excellent base for exploring local leisure activities and places of interest from country houses and gardens to the national fruit collection to internationally important nature reserves.
Presenting a unique investment opportunity in a prime commercial location, this property boasts a total of five flats and a shop, perfectly tailored for investors seeking to expand their portfolio. Nestled in the heart of a sought-after area, this rare offering presents vast potential for those seeking a venture in the commercial property market. The property is also situated close to the train station, perfect for commuters.
The five flats within the property offer versatile living arrangements suitable for a range of tenants. The shop, with its prime street frontage, promises a steady stream of income for the investor. There is also potential with the cellar to be converted to maximise the value of the building.
With its prime location in a bustling neighbourhood with high foot traffic and strong rental demand, this property is an attractive choice for those looking to establish a reliable income stream or capitalise on the thriving local economy. Whether you are a seasoned investor seeking to diversify your assets or a newcomer to the property market looking for a sound investment, this property offers endless possibilities for growth and prosperity.
Of the five flats, four of them are rented, as well as the shop. This allows for a potential £3,330 per calendar month with all of the flats tenanted!
Please call Miles and Barr Commercial today to arrange your viewing, this is not one to be missed.
Auctioneer Comments:
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.
Location
Faversham is one of England’s most historic and charming towns, nestled between the Kent Downs and the austere beauty of its coastal wetlands. This picturesque market town is steeped in history with nearly 500 listed buildings, the famous Shepherd Neame Brewery, Britain’s oldest which was founded in 1698 and a thriving Town Centre which was nominated as a Rising Star in the Great British High Street Awards in October 2015.
Hosting markets every Tuesday, Friday and Saturday, the ‘Best of Faversham’ market is on the first and third Saturday of each month, with Antiques and Vintage on the first Sunday. Faversham dates from pre-Roman times, is mentioned in the Domesday Book and is a bustling place with a fine range of independent shops. It has a good selection of primary schools and two secondary schools, one of which is the renowned Queen Elizabeth Grammar School.
Faversham has some of the best walking in England, with way-marked routes through stunning Kent countryside with cycle route 1 passing through. The town also offers excellent leisure facilities with an indoor and outdoor swimming pool, a cinema, a large park and recreation ground, a museum and numerous pubs and restaurants. Two minutes from the M2 and just over an hour from London by mainline train as well as the High Speed Rail Link, Faversham is easily accessible and is an excellent base for exploring local leisure activities and places of interest from country houses and gardens to the national fruit collection to internationally important nature reserves.
More information
Listed by
Miles & Barr - Commercial
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