- Offers in Excess of: £1,250,000.
- Spacious Grade II listed building
- Centrally located in the town
- Walled garden & parking for several vehicles
- Four luxury apartments
- Current P/P granted for 3 further apartments
- Lucrative rental income opportunity
- Investment opportunity
- Approximately 7,860 Sq Ft
An opportunity to acquire an impressive and elegant period property situated in a prime spot within the heart of the Market town of Sandwich offering the new owner endless options as the property currently generates a lucrative rental income. There is potential to increase the rental income further as current planning permission has been granted for conversion to create three additional apartments within the ground floor area to compliment the existing four luxury apartments and commercial office/studio. (Planning Ref: 20/00778 Dover district council).
This imposing building is around 7,860 Square feet and comes with an enclosed walled rear garden and parking at the rear for several vehicles and so would also make for a unique single residence in addition to an investment purchase subject to any relevant consents and permissions. The building comprises accommodation over three floors with split level ground floor and there is a basement for storage.
So, if you are looking to operate your own business and live within the building whilst taking advantage of a healthy investment income then this rare opportunity deserves your attention.
The Building is Grade II Listed, within the conservation area and conveniently situated for a wealth of excellent local amenities just yards away plus there are lovely nearby walks and three Golf courses within minutes by car including the World famous Royal St Georges which hosts the Open Championship.
See floorplan for the current configuration and in brief the floors offer the following: Communal entrance hallway with staircase to 1st & 2nd floor apartments, entrance to the right hand side of the building which previously served as a bank which has permission should it be relevant for conversion for three further apartments and access to the existing studio/office on the left hand side of the building which has previously been occupied by an Interior design company.
The four existing apartments are currently let out on tenancy agreements ranging from 6-12 months and managed by Regal Estates and these comprise two one bedroom apartments, a two and a three bedroom apartment (two on the 1st floor & two on the 2nd floor)
So in essence if you are looking for an Investment opportunity and/or a work from home set-up or fancy a new lifestyle with perhaps your own business or just like the idea of a spacious period home located within a sought after market town then call us now for more details. (appropriate permissions and consents may be needed if the property were to become a complete residential property).
Rental income currently generated per annum £53,490 for the four luxury let apartments & the commercial studio/office.
The projection if the right hand side ground floor were to be converted into three apartments would be a rental income of circa £32,400 per annum. Giving a total rental income of circa £86,000 per annum.
Viewings strictly by appointment.