Keller Williams UK
5 bed Commercial Sold

High Street, Gravesend, Kent

£590,000 OIRO

Property Description

  • Property Ref MCB
  • Licensed premises
  • Over 5000 Sq Ft Nightclub/restaurant
  • Recently fully refurbished
  • Additional usage for dancing, music and cinema
  • Kitchen / Dining room
  • Great Location close to amenities - Gravesend Heritage Quarter
  • Approved planning for additional Flats (Granted January 2021)
  • Energy Efficiency Rating D
  • Viewing available for qualified buyers only

Property Ref: MCB

Gravesend's High Street forms the main spine in Gravesend's historic Heritage Quarter and is within 0.3 miles of Gravesend Station, with its high-speed link to London St Pancras (journey time around 20 minutes)

The basement, ground and first floor are commercial elements of the property, currently leased out on a full maintenance and repair lease of 25 years, commencing October 2019.

Basement: 1625 Sq Ft. Bar, dancefloor, seating areas, bottle store, music booth, WCs & air conditioned

Ground Floor: 2723 Sq Ft. Main entrance, lobby, bar, seating areas, restaurant, kitchen, stores and W/Cs & Air conditioned

First Floor: 667 Sq Ft. Small function room with bar. W/C. Office & Air conditioned

Second & Third Floors:
Consisted of 2-bed flats, which are both sold off on long term leases of (999 years) annual peppercorn rent is received plus service charges. Leasehold commenced 2007.

Figures from the Valuation Office show a current rateable value of £5,750 per annum as at September 2018 which normally means an amount payable of between 40%-50% of this figure. Please check with the relevant location authority which is Gravesham Borough Council. You as a tenant ay qualify to apply for small business rates relief meaning you could pay nothing or a proportion of this payable amount.

The current class of business use is A3-A4-A5. Interested parties are advised to seek clarification of permitted use from the local authority.

Further development potential
To the rear of the property an opportunity exists to redevelop land in front of Princes Street which has granted permission for 3 x 1-bedroom flats, and a conversion for a 2-bedroom flat. Planning has been granted by the local authority on the 13th January 2021.

The property is within walking distance to Gravesend town centre and the mainline railway station, offering the high-speed service into Stratford (10mins) and St Pancras (17min) or Paris in 2 hours. Gravesend Town Centre offers plenty of shopping and great spots to enjoy something to eat and drink. Bluewater Shopping Centre, Dartford Crossing, A2 and M25 are within easy access too.

Whilst road links to A2, M25, M2 and M20 are superb, Ebbsfleet International is also within close proximity, offering services to Stratford International and St Pancras International (for Kings Cross) in just 11 and 21 minutes respectively. Bluewater shopping Centre is a short drive away with some superb shopping facilities and restaurants.

Council Tax: Gravesham Borough Council

The agent involved with this transaction is an interested party.

Viewing - Strictly by prior appointment through Keller Williams
If you would like to know more information or would like to arrange a viewing please call Mac and quote reference "MCB"
Council tax band: G

To discuss this property please contact Mac Cheema MSc BEng on: