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House For Sale - £475,000

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Sought after west Street Location

Mixed commercial/residential

Benefit of GF lease income

Split level maisonette above

Potential lifestyle opportunity

Roof top terrace

A great opportunity to purchase the freehold of this substantial, West Street building with the benefit of continued income from the ground floor tenant and potential further income from the maisonette above or a a lifestyle opportunity.

The ground floor is let on a 10-year lease to the RSPCA which runs until 2025 (this is in the process of being extended further) with the maisonette above currently vacant, although it has been continually let for the last 10 years at £775pcm.

Originally a grocers, the building was built specifically for this purpose with owners’ accommodation above. This is currently arranged as a spacious, 2-bedroom maisonette but could be altered to suit the individual. A lantern style roof structure room gives access to the roof terrace, which wraps around giving a rooftop view of Faversham and some welcome outside space. The shop occupies the ground floor space and basement.

Property in this area is always highly sought after and an early viewing is recommended.

Stamp Duty Calculator

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Total SDLT due

Below is a breakdown of how the total amount of SDLT was calculated.

Up to £125k(Percentage rate 0 %)

Above £125k and up to £250k (Percentage rate 2 %)

Above £250k and up to £925k (Percentage rate 5 %)

Above £925k and up to £1.5m (Percentage rate 10 %)

Above £1.5m (Percentage rate 12 %)

Up to £300k(Percentage rate 0 %)

Above £300k and up to £500k(Percentage rate 0 %)

*This is for illustrative purposes only
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Floor Plan 1

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.