Retail for sale

The freehold comprises a traditional three-storey terraced building providing a ground-floor retail unit of approximately 33.2sq m (357sq ft) currently trading as Northgate Mini Market, a vacant self-contained one-bedroom flat at first floor of approximately 40.5sq m (436sq ft), and a second-floor flat of approximately 80sq m (861sq ft) sold off on a long lease. Total accommodation extends to approximately 153.7 sq m (1,654sq ft), inclusive of the sold-off upper flat.
Access to the residential accommodation is via a private rear entrance from Kings Mews. The first-floor flat is presented in a condition that offers clear scope for refurbishment and reletting or sale. There is a noted flying freehold element where the second-floor accommodation overlaps the floors below.
Investment Summary
The ground-floor shop is let to an individual trading as Northgate Mini Market (Northgate Mini Market Canterbury Ltd) on a new 10-year full repairing and insuring lease from 29 May 2026. The lease is contracted out of the Landlord and Tenant Act 1954 and contains five-yearly upward-only rent reviews, the first falling due on 29 May 2031. The tenant operates a single local convenience store from the premises. Combined with the £200 p.a. ground rent receivable from the long-leasehold second-floor flat (125 years from June 2016), the property currently produces £12,200 per annum, with the additional benefit of a vacant one-bedroom flat ready for asset management.
Unit Name: g | 357 sqft |
Unit Name: 1st | 436 sqft |