Property Information
Address:
16-18 North Street, Ashford, Kent
, TN24 8JR
, Kent
, United Kingdom
Price: Sale Price: £355,000
Size: 1857 sq ft173 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH673474
Property Ref/Agent: 440
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 10, 2024
Property description
This is an attractive mid terraced, three storey Grade II listed building which provides 1,073 sq. ft. of accommodation over four floors. It provides a good investment opportunity or potential for residential redevelopment with the possibility of creating 2 self contained flats
(1 on each floor), which could generate an income in the region of £18,500 per annum, subject to gaining the necessary consents. The offices are currently let as per the below schedule.
Ground Floor and Basement -
Hair Salon - New 3 year lease expiring end of 2024 at £12,000 per annum exclusive.
1st Floor Office - 3 year lease expiring in February 2025 at £9,000 per annum exclusive.
2nd Floor Office - £3,540 per annum inclusive.
2nd Floor Office - £5,040 per annum inclusive.
2nd Floor Office - £2,820 per annum inclusive.
2nd Floor (vacant)
Potential income: £2,820 per annum inclusive.
*2nd Floor offices all let on monthly inclusive licences.
Accommodation totalling 1,857 sq ft
Town centre location neighbouring Pizza Express
Currently generating income of £35,220 (gross) per annum (scope to increase)
Redevelopment potential, subject to planning
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