Clive Emson · 24 Sept 2026
Freehold Mixed Use Investment In Town Centre
59-67 High Street & 1-5 Stephen Close, Broadstairs, Kent, CT10 1JL · South East
UnsoldMixed-useFreeholdLet
- Guide
- TBC
- Rent a year
- £8,500
- Yield on the guide
- –
- Payback
- –
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
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Create an accountHistory
- First listed on Cornerlot 15 Oct 2026.
- Listed before with Clive Emson for 5 Nov 2026: Live, guide £400,000. See that listing
Clive Emson's record
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Create an accountAbout the lot
Lot 23, Mixed Commercial/Residential. An excellent freehold investment situated in the heart of Broadstairs high street and comprising an end-terrace block of four shops with five maisonettes above. All the shops are currently let and each of the maisonettes have been sold on long leases. We understand that there is a parking area to the rear and 65-67 High Street also has two garages. 59 High Street Trading as 59 Broadstairs: Let under the terms of a 10-year lease from 1st May 2018 running to 1st May 2028 at a current rental of £12,000 per annum with three yearly rent reviews. We have been informed by the seller there has been no increase in rent for five years. Trading as Sylvester's Dry Cleaners: Let under the terms of a 21-year commercial lease from 23rd December 1991 with three yearly rent reviews. We have been informed the tenant is holding over under the original 1991 lease and although the agreed rent at the commencement of the lease was £8,500 per annum, the tenant has been paying £900 per calendar month (£10,800 per annum) for approximately the last 18-months. Trading as Westwood Aquariums: Let under the terms of a 12-year lease from 29th September 2000 at a current rental of £3,000 per quarter (£12,000 per annum). Trading as Expression Gift Shop: Let on a 10-year lease from 1st September 2026 at a current rental of £20,000 per annum. Tenure: Sold on a 100-year lease from 24th December 2012 at a current ground rental of £50 per annum. Tenure: Sold on a 99-year lease from 25th March 1980 at a current ground rental of £50 per annum. Tenure: Sold on a 100-year lease from 9th September 2015 at a current ground rental of £50 per annum. Tenure: Sold on a 129-year lease from 25th March 1980 at a current ground rental of £50 per annum. Tenure: Sold on a 199-year lease from 19th March 2012 at a current ground rental of £100 per annum. Auctioneer's Note: Section 5B Notices have not be served on the residential parts as we understand the commercial area is greater than the residential area. Residential
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