Commercial Property Investment Sale – 35 High Street, Snodland

We are pleased to announce a successful sale of the freehold interest in a mixed commercial and residential investment equating to an initial yield of just under 7%.

The premises comprise a ground floor dental surgery, together with two separate newly refurbished flats at first and second floors, access via the rear. The ground floor is let on a commercial lease whereas the two flats are let on assured shorthold tenancies. The flats were newly refurbished in June 2015.

Ground floor surgery: Let on a 20 year full repairing and insuring lease at a current rent of £14,000 per annum exclusive.
First Floor Flat: We understand that this is currently let on an assured shorthold tenancy at a rental of £675 per calendar month.
Second Floor Flat: We understand that this is currently let on an assured short hold tenancy at a rental of £575 per calendar month.

If you require any advice in relation to a property that you would like to let or sell, please feel free to contact our Commercial Agency Department for more information.