12 bedroom property for sale

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12 bedroom property for sale

Sun Street, Canterbury, CT1
£1,999,995

Price History

Initial price £2,050,000
11/10/24 £1,999,995
Price Change -2.44%

Description

This property in the City Centre offers a unique opportunity to combine commercial and residential space, with a strong covenant on a long lease on the ground floor. The ground floor commercial space is currently let to a successful chain operation, "Wing Kingz", on a 10-year lease, generating £55,000 per annum. The residential elements above, comprising four to seven bedrooms, are estimated to produce £80,000 per annum through AST tenancies, with the potential for additional income through Airbnb. The property's versatile layout and city-centre location make it an attractive investment opportunity, with a strong potential yield of 6.4%. Viewings are highly recommended to appreciate the full extent of this rare and exciting opportunity.