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263-269 High Street, Chatham

£1,750,000.00 for the Freehold / Offers in excess of £1.75 million are invited for the purchase of the freehold interest in the property subject to the current lease of the majority of the ground floor, the first floor and the basement to Barclays Bank Plc. Currently the majority of the

Amenities

  • 12,015 sq.ft. (1,116 m²)
  • Freehold
  • Substantial 3 Storey Building in a Central Location
  • Approvals/Consents for 4 Ground Floor Retail Units & 15 Apartments
  • Currently the majority of the ground floor, the first floor and the basement are let to Barclays Bank Plc until 14th December 2024 at a rent of £60,000 per annum
  • Estimated rents for the remaining accommodation £42,500 per annum
  • FOR SALE

Location

263-269 High Street, Chatham, ME4 4BN

Description

SUBSTANTIAL 3 STOREY BUILDING WITH APPROVALS/CONSENTS FOR 4 GROUND FLOOR RETAIL UNITS & 15 APARTMENTS The property comprises a substantial 3 storey building which is of concrete framed construction with brick external claddings. The majority of the ground floor, the first floor and the basement currently comprise the Chatham branch of Barclays Bank. 269 High Street is a separate lock-up shop unit. On the second floor of the building there is a landing, male and female WCs and two office suites. Access to the second floor is via an internal staircase which opens onto the High Street.

Business Rates

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

RV £0

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 (2020/21) is 51.4p/£. 

Discounts and reliefs are available for qualifying small businesses occupying properties with rateable values below £15,000, reducing liabilities to £zero for properties with RVs below £12,000

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

Rates payable are £0

Further information on this matter is available at Business Link