Summary - 61, HARBOUR STREET CT5 1AG
1 bed 1 bath Retail Property (high street)
Compact investment with secure income and courtyard seating close to the seafront.
Freehold mixed-use building on prime Harbour Street
A compact freehold investment on Whitstable’s prime Harbour Street, currently let to Porto Wine Bar Limited until June 2032. The ground-floor wine bar benefits from a prominent period frontage, year-round visitor footfall and a sheltered courtyard used for al fresco seating. The first-floor studio is separately accessed and currently used for storage, contributing to the secure rental income of £26,600 pa.
The property offers a straightforward income play with a quoted net initial yield of 6.31% (assuming 3.9% purchaser’s costs). Its central trading position close to the harbour and seafront sustains steady local and tourist trade, making it suitable for investors seeking a low-management town-centre asset with immediate cashflow.
Buyers should note material considerations: the lease expires in June 2032, presenting an upcoming re-letting or void risk; the building has a small footprint and narrow shop frontage; and it’s a pre-1900 solid brick construction likely without modern insulation. These factors may restrict alternative uses and could require upgrade works to improve energy performance or to reconfigure accommodation.
Overall, this is a well-located, income-producing freehold in a desirable seaside town. It suits investors seeking predictable rental return from an established hospitality tenant, while offering modest upside through future lease renewal, refurbishment or reconfiguration of the upper studio accommodation.
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