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Broadway, Sheerness ME12 Mixed use for sale
Broadway, Sheerness ME12
£500,000
Broadway, Sheerness ME12
£500,000
Our Summary
- Local comparable rents for similar commercial units on The Broadway are currently between £18,500 and £20,000 per annum, providing significant future rental uplift
- A Freehold investment opportunity for 1 shop and 4 flats
Description
This property is a mixed-use investment opportunity located on The Broadway in Sheerness. The ground-floor shop is currently leased to Countrywide Estate Agents, with a lease running until 2028 and a current rent of £8,850 per annum. The shop has a significant potential for rent uplift, with comparable local rents ranging from £18,500 to £20,000 per annum. The property also comprises four residential flats, all of which are fully let and generating a total annual income of £32,400. The flats are located on the first and second floors, with one also having a courtyard garden. The property benefits from rear parking for four vehicles, one per flat, and is situated in a busy commercial area with easy access to transport links, high street shops, and the seafront. The investment offers an immediate income stream and a substantial rent review opportunity in 2028, making it an attractive opportunity for portfolio buyers or mixed-use specialists.