Summary - 284, HIGH STREET ME4 4BP
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- **Property Type:** Freehold retail property on High Street, Chatham
- **Size:** Generous 3,331 sq ft, ideal for various commercial uses
- **Location:** High visibility with high pedestrian traffic and excellent transport links
- **Lease Details:** Currently leased at £2,500/month; tenant willing to sign a new 10-year lease
- **Auction Date:** Scheduled for 29/10/2025
- **Outdoor Space:** Small garden included
- **Condition Concerns:** Back of building needs maintenance; existing lease only allows partial financing options
**Summary:**
Seize the opportunity to invest in this prominent freehold commercial property in a bustling student-centric neighborhood. Spanning an impressive 3,331 sq ft, this three-storey mid-terrace building boasts an early 20th-century brick facade, offering excellent exposure for retail, leisure, or service-based enterprises. With a current lease yielding £30,000 per annum and the prospect of the tenant extending their lease for another decade, this investment could provide stable long-term income in a high-traffic area.
However, potential buyers should note some structural considerations, particularly regarding maintenance needs on the building’s rear. The current lease, expiring with only 7 years left, may pose financing difficulties with traditional mortgage lenders. Despite this, the property’s location near the Pentagon Shopping Centre and easy access to transport links—including Chatham railway station—elevates its desirability. Don’t miss out on this promising investment opportunity; properties like this, especially in a city experiencing ongoing regeneration, are hard to come by and won’t last long on the market!
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