1-3 Albion St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1-3 Albion St
1,283 SF Retail Building Broadstairs CT10 1LU $1,392,387 ($1,085/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
$1,392,387
Price Per SF
$1,085
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
Learn More About Investing in Retail Properties
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1-3 Albion St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.