Summary - 161, STATION ROAD CT6 5NF
1 bed 1 bath Retail Property (high street)
Two leased units producing a dependable income with long-standing medical occupier.
- Freehold high-street retail with established tenants and immediate income
A freehold high-street investment on Station Road, Herne Bay, offering an immediate secured income and clear long-term tenant profiles. The ground-floor building is arranged as two lettable units: a front-facing pharmacy with a 15-year lease at £22,000pa and a rear GP annex on a long-standing lease at £12,000pa. Together they produce a strong, stable passing rent of £34,000pa against a guide price of £490,000 (circa 7% yield).
Accommodation is generous for a town-centre retail asset — approximately 2,669 sq ft in total with around 11 rooms including retail/service area, storerooms, staff facilities, and separate office rooms in the annex. The property is single-storey with a modern brick/shopfront façade and flat roof; the layout suits ongoing medical/retail use or a similar service occupier. There is no reported flood risk and mobile signal is excellent.
Important investor considerations: the area is classified as very deprived with higher local crime rates, which can affect tenant stability and reletting risk. The rear annex is accessed via a side alley, and broadband speeds are average — factors that may influence some occupiers. There is a small identification check fee (£60 inc. VAT) required on sale completion to satisfy anti-money-laundering checks.
This asset will suit buyers seeking immediate income from established healthcare and retail tenants, with potential to review long-term rents at future lease events. Be aware of local socio-economic challenges and operational details (flat roof maintenance, side-access layout) when assessing reversionary opportunities.
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