Summary - 20, NEW ROAD DA11 0AA
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime high street retail location in Gravesend
- 999-year virtual freehold lease
- Strong rental yield of approximately 7%
- Annual income of £26,000
- High-quality interior with modern shop front and high ceilings
- Basement for ancillary use and a rear yard
- Close proximity to shopping centers and transit links
**Potential Concerns:**
- Very high crime rate in the area
- Property condition is stable but may require future updates depending on business needs
- Compact space with a smaller plot size
Located in the vibrant urban heart of Gravesend, this Victorian retail space offers investors a lucrative opportunity, boasting a long-term occupational lease with an attractive annual income of £26,000—yielding around 7%. The area features a bustling retail pitch opposite the Thamesgate Shopping Centre, within reach of freshly established shopping spots and major transport links, making it perfect for enticing foot traffic. The unit presents a store with an open-plan layout, complemented by a high-quality aluminum shop front and spacious basement, ideal for additional storage or office space.
While the property is situated in a lively location dense with amenities, including schools rated 'Good' or 'Outstanding', potential buyers should note the area's high crime rate and consider any necessary adaptations to maximize the retail-occupant experience. With the unique advantages this property holds, it is an opportunity not to be overlooked, especially for those looking to invest in a thriving locale with substantial future potential. Envision your business succeeding here and act before this exceptional offering is gone!
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