1-3 Albion St
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1-3 Albion St
1,283 SF Retail Building Broadstairs CT10 1LU $1,960,760 CAD ($1,528 CAD/SF)
Investment Highlights
- Mixed Use Freehold Investment
- Broadstairs is a popular Victorian costal town situated on the Isle of Thanet, east Kent coast, approximately 75 miles from London
- The property is situated on the corner of Albion Street and High Street directly opposite Viking Bay
Executive Summary
The property provides an imposing Victorian mixed use building forming a restaurant over ground, basement and part first floors with dual frontage to the seafront, High Street and Albion Street. The two upper floors provide 4 x self-contained 1 bedroom flats let on Assured Shorthold Tenancies (AST).
TENANCIES
Restaurant
Let on a FR&I lease for a term of 20 years from 18th January 2023 with rent reviews on 18th January 2023 and every 5th anniversary of that date, no break. Current passing rent £27,500 per annum payable quarterly in advance we understand that last year’s rent review is outstanding.
Residential
Flat 1 – £8,400 pa payable monthly in advance AST
Flat 2 – £9,600 pa payable monthly in advance AST
Flat 3 – £10,200 pa payable monthly in advance AST
Flat 4 - £9,000 pa payable monthly in advance AST
Total Residential: £37,200pa
TENANCIES
Restaurant
Let on a FR&I lease for a term of 20 years from 18th January 2023 with rent reviews on 18th January 2023 and every 5th anniversary of that date, no break. Current passing rent £27,500 per annum payable quarterly in advance we understand that last year’s rent review is outstanding.
Residential
Flat 1 – £8,400 pa payable monthly in advance AST
Flat 2 – £9,600 pa payable monthly in advance AST
Flat 3 – £10,200 pa payable monthly in advance AST
Flat 4 - £9,000 pa payable monthly in advance AST
Total Residential: £37,200pa
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,283 SF
Year Built
1820
Price
$1,960,760 CAD
Price Per SF
$1,528 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.65
Land Acres
0.05 AC
Frontage
69 ft on High Street
Amenities
- Restaurant
1 of 1
-
Philip Lapper -
Baxter Philips Ltd
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1-3 Albion St
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