96 & 96A High Street, Bridge, Canterbury, Kent

Description

Period property arranged as a double-fronted shop with maisonette on the upper parts, with separate rear access and off-road parking, both of which are let.

Accommodation

Commercial: ground-floor double-fronted retail shop comprising retail area, kitchen and W.C. with wash handbasin. Residential: rear entrance with courtyard garden; ground-floor entrance with stairs to first floor; first-floor landing, living room, kitchen and shower room/W.C.; second-floor attic bedroom; parking space and courtyard garden.

Location

Situated in the popular village of Bridge, approximately two-and-a-half miles south-east of Canterbury.

Tenure / Property Information

Investment Analysis

The guide is £220,000–£230,000, but no completed sales, market valuation evidence or commercial rental figure has been supplied. The property is let, with confirmed residential income of £660 pcm, while the commercial lease income is undisclosed. A whole-property yield, GDV and reliable maximum bid therefore cannot be established. The midpoint guide of £225,000 implies a residential-only yield of approximately 3.52%, but this excludes commercial income and is not a full-property yield.

Investment Snapshot

Strategy Recommendation

Treat as an income-led mixed-use freehold acquisition only after confirming the commercial rent, lease, outgoings, tenancy position and condition. Do not bid above the guide on the supplied evidence alone.

Works Required

No specific refurbishment defects or works are evidenced. Obtain a full inspection and address only confirmed maintenance, safety, statutory compliance or tenant-related requirements.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because there is no supported GDV, refurbishment budget, commercial rent or refinance valuation. The freehold mixed-use asset is already let, but the undisclosed commercial income and lack of valuation evidence prevent reliable leverage and cash-left-in calculations.

Buy-to-Let Analysis

The residential element produces confirmed rent of £660 pcm, or £7,920 annually. The commercial rent is not supplied, so the total property income and whole-asset gross yield cannot be established. The residential tenancy is periodic, and the commercial property is subject to a three-year lease from 1 April 2026 outside Part II of the Landlord and Tenant Act 1954. Obtain the commercial rent, lease terms and expense position before relying on the investment case.

Flip Analysis

A flip assessment cannot be supported because no comparable sales, GDV, condition evidence, refurbishment allowance, selling costs or full project cost have been provided. The property is currently let, which may also affect possession and resale planning.

Investor Risks & Due Diligence

• Commercial rental income is undisclosed, preventing calculation of the full property yield.

• An administration fee and other non-optional buyer costs may apply, but no amounts are specified.

• The residential accommodation is let on an Assured Periodic Tenancy Agreement, so tenancy and possession terms require verification.

• The commercial lease is outside Part II of the Landlord and Tenant Act 1954 and runs for three years from 1 April 2026; lease obligations and expiry position require review.

• No condition survey, refurbishment budget, completed sales evidence or formal valuation has been supplied.

Recommendation

Treat as an income-led mixed-use freehold acquisition only after confirming the commercial rent, lease, outgoings, tenancy position and condition. Do not bid above the guide on the supplied evidence alone.

Strategy Rating

Analysis Confidence

The guide, tenure, occupancy, accommodation and residential passing rent are supplied, but commercial rent, sales comparables, condition, works, buyer fees and valuation evidence are missing.