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Freehold Mixed Use Building For Sale in Gillingham

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For Sale by Auction on 12th December 2024, Freehold Mixed Use Building, 8-12 Skinner Street, Gillingham, ME7 1HD

2,627 Sq Ft / Retail / Mixed Use

Withdrawn - Last updated: 15 December 2024

For Sale by Auction on 12th December 2024

The property comprises a two storey property of traditional construction, arranged as a double fronted ground floor shop wiith separate front access to residential accommodation on the first floor.  This is arranged as four self-contained flats (2 x two bedroom and 2 x one bedroom), and they all require complete refurbishment.  Some improvement works have already been started, so the condition is currently relatively poor with some rubbish on the floor that will need to be cleared from the building. 

Location

Gillingham is located approximately 3 miles east of Rochester and 11 miles north of Maidstone, to the south of the River Medway and forms a conurbation with neighbouring towns Chatham, Rochester, Strood and Rainham.

The town has a large street market in the High Street on Saturdays and Mondays.

The property is situated on the west side of Skinner Street, close to the junction with Jeffery Street (A231).  The property forms part of a local shopping parade, with nearby local traders as well as larger national occupiers including Burger King and BetFred.

Accommodation

Ground Floor - Retail -  244.20 sq m (2,627 sq ft)

First Floor - Residential - 4 x self contained flats (2 x two bedroom and 2 x 1 bedroom)

Terms

Tenure - Freehold

Guide Price - £350,000

Specification

  • By Order of the Joint Fixed Charge Receivers
  • Freehold mixed use building with part vacant possession
  • Double shop unit let to a charity t/a Gillingham Street Angels with an unexpired term of 4 years
  • First floor residential accommodation arranged as four self-contained flats (2 x two bedroom, 2 x one bedroom) requiring refurbishment
  • Currently producing £30,000 per annum (Plus vacant flats)

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