Woodward & Bishopp says ..

Property Oracle says ..

This property is a freehold investment opportunity comprising a ground-floor shop and a two-bedroom split-level apartment above, located on Herne Bay’s High Street. The shop is currently tenanted until October 2027 with a rental income of £6500 per year, providing a steady income stream. The apartment includes two bedrooms and one bathroom, along with a small rooftop patio. The interior decor is dated but the overall condition appears to be good. There is no significant garden space, but the location offers the convenience of shops, transportation (Herne Bay train station is relatively close), and local schools, including Herne Bay Junior School (Good Ofsted rating) and Herne Bay Infant School (Good Ofsted rating) which are within a short distance. While the property lacks outdoor space, the combination of a rental income from the commercial unit and the residential apartment makes it an attractive option for investors looking for a property in a good location within a popular coastal town. The price of £245,000 is comparable to other listed properties in the vicinity making this investment property a potentially lucrative prospect. However, prospective buyers should be aware of the potential drawbacks of a High Street location, including noise and high foot traffic. Further due diligence is necessary to assess the profitability of the rental income.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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