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123 High Street, Gillingham

£350,000 for sale / Annual rent: The ground floor of the property is let to Demelza House Trading Limited (Company No. 03090528) for a term of 10 years from 6th May 2011 at a current rent of £20,000 per annum. The tenant is required to keep the interior and parts of the structure of the

Amenities

  • 929 sq.ft. (86 m²)
  • Freehold
  • Freehold Investment
  • Ground Floor Shop Let to Demelza House Trading Limited
  • Self Contained Residential Accommodation on the Upper Floors
  • For Sale

Location

123 High Street, Gillingham, ME7 1BS

Description

On the ground floor of the property, there is a basically rectangular shaped retail sales area and, to the rear of the sales area, a kitchen/staff room, 2 stock rooms and 3 separate WCs. On the first and second floors of the building, there is self contained residential accommodation. Access is obtained from the rear of the building and via an open tread steel staircase. The accommodation comprises a hallway/landing, a living room, a bedroom, a box room, a kitchen and a bathroom/WC on the first floor and a further bedroom within the roof space.

Business Rates

The rateable value figure below has been provided to us by the Valuation Office Agency

RV £19,500

Please note, the RV is NOT the actual rates payable. Rates payable are calculated by reference to the National Non-Domestic Rating (NNDR) multiplier which is set annually by Central Government. The current NNDR (2013/14) is 47.1p/£.  Discounts and reliefs are available for qualifying small businesses occupying properties with rateable values below £18,000.

Subject to eligibility for all available reliefs, we estimate that in the current financial year,

Rates payable are £8,073

Please note, this figure does not reflect the additional temporary relief that is available to small businesses until 31st March 2014.  For properties with rateable values below £6,000, this may reduce the rates liability to as little as zero.

Further information on this matter is available at Business Link

Location