65 Pelham Road South, Gravesend, Kent, DA11 8QS

A freehold mixed-use property located on Pelham Road South, comprising a ground floor lock-up shop, a first floor one-bedroom flat, and a rear garage. The commercial unit is let on a 15-year lease commencing 17th February 2017, generating a current rent of £12,000 per annum (£1,000 per month), with a break clause and rent review scheduled for 17th February 2027. The estimated current market rent for the commercial space is £15,000 per annum. The one-bedroom flat is let on an Assured Shorthold Tenancy (AST) at £9,300 per annum (£775 per month), with the tenant in place since April 2018, and an estimated current market rent of £11,400 per annum. The rear garage is let separately, generating £1,084.80 per annum (£90.40 per month). The total current income for the property is £22,384.80 per annum, with a potential combined estimated current market rent income of £27,484.80 per annum, subject to market conditions. The property is situated near Perry Street, with various retail brands in proximity, including Tesco and KFC.