Summary - 27-31, HIGH STREET CT5 1AP
1 bed 1 bath Commercial Property
Income-producing retail unit with strong frontage and immediate rent.
Let to national covenant (Greggs Plc) on a 10-year FRI lease
Annual rent £65,000 with open market review at year five
Tenant-only break option at year five; nine-month rent-free included
Only ten years on lease — lenders likely to refuse mortgages
Newly refurbished ground-floor open-plan retail, 3,252 sq ft
Prominent High Street frontage with strong pedestrian footfall
Located in an affluent seaside town with strong visitor economy
Very high local crime levels — consider insurance and management costs
This is a purpose-built, newly refurbished ground-floor retail unit arranged in a prominent High Street location in Whitstable. Let to a national covenant (Greggs Plc) on a new 10-year full repairing and insuring lease, the property offers an immediate income stream and low day-to-day management for an investor seeking town-centre exposure.
The unit extends to approximately 3,252 sq ft with strong shop frontage and open-plan retail space, benefitting from high pedestrian footfall in an affluent seaside town with year-round visitor demand. The lease provides a £65,000 annual rent, an open market rent review at year five and a tenant-only break option at year five; a nine-month rent-free period is covered by the vendor.
Important cautions for buyers: the lease term is only ten years from commencement and includes a tenant break, which may restrict mortgageability — many lenders are likely to refuse lending on a short lease investment of this type. The immediate tenant covenant is strong, but income security beyond any early break is not guaranteed. The property sits in an area with very high recorded crime levels, which investors should factor into asset management and insurance costs.
Overall this asset suits an investor prioritising prime retail frontage, immediate income from a national operator and minimal management. It is less suitable for buyers who require long unbroken lease terms for leveraged purchases or who are unable to accept tenant break risk.
Commercial property for sale in 27-31 High Street, Whitstable, Kent, CT5 1AP, CT5 — £2,900,000 • 1 bed • 1 bath • 7030 ft²
Shop for sale in Investment For Sale, CT5 — £245,000 • 1 bed • 1 bath • 960 ft²
Shop for sale in Investment For Sale, CT5 — £265,000 • 1 bed • 1 bath
High street retail property for sale in Belmont Road, Ramsgate, Kent, CT11 — £135,000 • 1 bed • 1 bath
High street retail property for sale in 61 Harbour Street, Whitstable, Kent, CT5 1AG, CT5 — £410,000 • 1 bed • 1 bath • 326 ft²
High street retail property for sale in 28/28A St. Dunstans Street, Canterbury, Kent, CT2 — £275,000 • 1 bed • 1 bath • 1108 ft²
