For SaleCommercial Property in St. Peters Street, Canterbury, Kent, CT1£1,800,000

Prominently positioned in the heart of Canterbury City Centre, 45 St Peter’s Street presents a rare opportunity to acquire a thriving restaurant premises with additional income-producing accommodation. Currently home to the popular and well-established Tacos Locos Mexican restaurant, this mid-terraced commercial property is arranged over ground and basement levels and features a beautiful rear patio garden with outdoor seating for up to 40 covers. The ground floor offers a spacious open-plan dining area, complete with a bar and serving counter, commercial kitchen, and customer WCs. The basement level includes ample storage and a manager’s office. The restaurant is reported to be generating approximately £400,000 per annum in turnover, operated by a team of three full-time and three part-time staff. Above the restaurant, the first and second floors are arranged as eight private letting rooms, sharing communal kitchen and bathroom facilities, and producing an annual rental income of approximately £48,000. To the rear of the property, across the patio garden, there is an additional residential block comprising three self-contained flats (two x 2-bedroom and one x 1-bedroom), all currently tenanted and providing a further £46,000 per annum in rental income. These units are available on a freehold basis. The net rental income for the restuarant, garden and letting rooms is currently £48,000 per annum. Situated on St Peter’s Street, the property is ideally located among a variety of established businesses and benefits from excellent footfall. It is also within easy walking distance of Canterbury West Mainline Railway Station, offering direct high-speed services to London St Pancras International—making this an attractive investment or business opportunity. ________________________________________ Summary: • Prime city centre location in Canterbury • Successful, fully fitted restaurant with outside seating for 40 • Eight letting rooms above – producing £48,000 p.a. • Three self-contained residential flats to rear – producing £46,000 p.a. • Current restaurant turnover: approx. £400,000 p.a. • Short walk to Canterbury West station (services to St Pancras) ________________________________________ For further information or to arrange a viewing, please contact us today. 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"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.