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Property for sale
St. Peters Street, Canterbury, Kent, CT1
£1,800,000
St. Peters Street, Canterbury, Kent, CT1
£1,800,000
Our Summary
- This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
Description
This property, located in the heart of Canterbury City Centre, offers a unique opportunity to acquire a thriving restaurant premises with additional income-producing accommodation. The restaurant, currently home to Tacos Locos Mexican restaurant, is arranged over ground and basement levels and features a beautiful rear patio garden with outdoor seating for up to 40 covers. The property is generating approximately £400,000 per annum in turnover and is operated by a team of three full-time and three part-time staff. Above the restaurant, there are eight private letting rooms, sharing communal kitchen and bathroom facilities, which produce an annual rental income of approximately £48,000. Additionally, there are three self-contained flats to the rear, currently tenanted and providing a further £46,000 per annum in rental income. The property is situated on St Peter's Street, benefiting from excellent footfall and proximity to Canterbury West Mainline Railway Station, with direct high-speed services to London St Pancras International. This is an attractive investment or business opportunity, with the potential for significant returns.