Summary - 98, MORTIMER STREET CT6 5EB
1 bed 1 bath Shop
**Standout Features:**
- Prime location on Mortimer Street, Herne Bay
- Large commercial space of 3,746 sq ft over two floors
- Currently let on a 10-year lease with a passing rent of £22,000 per annum
- Surrounded by established local businesses and amenities
- Excellent mobile signal and fast broadband speeds
**Potential Concerns:**
- High local crime rate
- Property situated in a very deprived area
- Limited views, lacking greenery or residential appeal
Summary:
Discover this expansive commercial property in the bustling heart of Herne Bay, perfectly located on Mortimer Street amidst a vibrant mix of local businesses including well-known names like Boots and RSPCA. Boasting a total area of 3,746 sq ft, this unique Art Deco-style establishment offers impressive potential for investors, currently generating a stable income from a long-term tenant. With ongoing lease negotiations indicating longevity in tenancy, this property presents a secure opportunity for continued profit in an area that, while economically constrained, is rich in traffic and visibility.
Although the area experiences a high crime rate and is considered deprived, it’s ideally suited for someone looking to capitalize on its central location and the growing demand for retail space. There are also local schools with decent Ofsted ratings nearby, enhancing the area's family-friendly appeal. Don’t miss your chance to invest in this versatile space with both historical charm and modern potential—act fast as opportunities like this don’t last long!
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