icons_size_white icons_size

AGENT'S DETAILS


Canterbury – Freehold Hostel Investment

For sale: £650,000.00|3000 Sq Ft|Leisure Property, Hotels, Licensed & Leisure

PROPERTY DETAILS

FOR SALE£650,000.00
SIZE3000 Sq Ft
ADDRESSKipps Independent Hostel, 40 Nunnery Fields, Canterbury CT1 3JT
TYPELeisure Property, Hotels, Licensed & Leisure
TENUREFor Sale Freehold
POSTED ON1st June 2020

DESCRIPTION

Investment Consideration:
Predominant position in a pedestrianised location.
Comprises a ground, first and second floor hostel including single/double and twin rooms, as well as En-suite dormitory rooms.
VAT is NOT applicable to this property.
Property is a 9-minute walk from Canterbury East train station.

Property Description:
The property comprises a ground, first and second floor hostel including single/double and twin rooms, as well as En-suite dormitory rooms. The property benefits from a large garden, kitchen and reception room.

The property provides the following accommodation and dimensions:
Ground Floor: 50.00 sq m (538sq ft)
First Floor: 35.00 sq m (377 sq ft)
Second Floor: 6.00 sq m (66 sq ft)

Tenancy:
The shop is at present let to L Parsons t/a Kipps Canterbury for a term of 5 years from 1st November 2015 at a current rent of £35,000 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £1,700.

Location:
Canterbury is a popular tourist destination: consistently one of the most-visited cities in the UK. The property is a 9-minute walk from Canterbury East train station. Canterbury is in east Kent, about 55 miles (89 km) east-southeast of London. The coastal towns of Herne Bay and Whitstable are 6 miles (10 km) to the north, and Faversham is 8 miles (13 km) to the northwest. Nearby villages include Rough Common, Sturry and Tyler Hill.

LOCATION

Location: Kipps Independent Hostel, 40 Nunnery Fields, Canterbury CT1 3JT

Canterbury East (0.4 miles)

Canterbury West (0.9 miles)

Bekesbourne (2.6 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here