Pharmacy, New Romney
49 High Street, New Romney, Kent, TN28 8AHProperty Description
- Freehold medical & residential ground rent investment with development potential
- An attractive detached building comprising a large Ground Floor Shop with rear single storey extension plus separate side access to 4 Self-Contained Flats on the 1st and 2nd floors
- There is a rear yard accessed from the town’s main public car park allowing off-street parking for up to 3 cars
Location Description
- New Romney is an attractive town lying off the main A259 being approximately 18 miles from Hastings and 13 miles from Folkestone
- The property is in a prominent trading position within the principal retailing area of the town
Additional Notes
- Ground Floor Shop let to DMB Medical Ltd t/a New Romney Pharmacy for 20 year lease from 05/04/2013 for 23k p.a
- Fixed 4 yearly rent with next review in 2017
- The 4 residential flats above are sold off on 125 year leases from between 2011 & 2013 with total ground rent received of £500 p.a
- There is potential to extend over the Ground Floor at the Rear to create additional residential accommodation, subject to planning permission being granted
Features
Attractive property
Finance available
Freehold
Ground Rent investment
Lease term > 15 years
No Break clauses
No VAT applicable
Under £500k
