27-31 High St 3,252 SF Retail Building Whitstable CT5 1AP $1,332,392 ($409.71/SF) 6.10% Cap Rate

The property comprises a newly refurbished ground floor retail unit extending to approximately 302.12 sq m (3,252 sq ft), forming part of an attractive mixed-use development in the popular seaside town of Whitstable.
The unit is let to Greggs Plc on a new 10-year full repairing and insuring lease commencing 10 days after practical completion (anticipated Dec 2025), at a rent of £65,000 per annum. The lease includes a tenant-only break option and an open market rent review at the end of year 5, with a 9-month rent-free period covered by the vendor. This investment offers a secure and long-term income stream from a 5A1 covenant tenant, with minimal management responsibilities.
Whitstable is a highly desirable retail and leisure destination, benefiting from strong year-round trade and significant tourist activity. The property is offered at a guide price of £1,000,000, reflecting an attractive net initial yield of 6.1%. This is an excellent opportunity to acquire a newly refurbished premises.
The property comprises a newly refurbished ground floor retail unit extending to approximately 302.12 sq m (3,252 sq ft). The unit offers well-configured, open-plan retail space with excellent frontage onto High Street, providing strong visibility and footfall Canterbury. Regular rail service to London St Pancras and Victoria. High demand from occupiers.