Property photos
Just added
Guide price
£1,450,000
Restaurant for sale
Sun Street, Canterbury CT1Local area information
Property location
Nearby amenities
- St Peter's Methodist Primary School 0.2 miles
- The King's School Canterbury 0.2 miles
- Canterbury East 0.3 miles
- Canterbury West 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Canterbury to find out more about the local area.
Features and description
- Excellent rental demand from professionals, students, and tourists
- Combined potential income of approx. 130,000 per annum
- Ground-floor commercial unit (let on 10-year lease, 50,000 pa)
- Outstanding potential for holiday letting
Summary
This is a rare opportunity to acquire a substantial freehold property in the very heart of Canterbury's historic city centre, comprising a large top-floor maisonette arranged over three floors together with a commercial unit on the ground floor.
The residential accommodation offers five generously sized bedrooms, with the added benefit of a bathroom on each floor for maximum convenience. In addition, there is a separate self-contained unit with its own entrance, kitchen, and bathroom facilities, providing flexibility for long-term rentals or short-term lets.
The ground floor is occupied by a popular chicken wings restaurant, currently let on a secure 10-year lease producing an annual rental income of 55,000 per annum.
The maisonette has the potential to achieve approximately 3,000 per calendar month, while the self-contained accommodation is currently producing around 4,300 per calendar month. Together, the combined income across the property represents an exceptional return of approximately 130,000 per annum, making this an outstanding investment opportunity.
There is also scope and preparation already in place for a lift to be installed from the ground floor up to the maisonette, providing modern access. This means the current door to the maisonette could be repurposed as a dedicated fire exit.
With its central position, versatile layout, and proven rental demand, the property also has excellent potential as a holiday let, appealing to Canterbury's year-round tourist market.
Location
Situated in the heart of Canterbury city centre, this property is just moments from the bustling High Street, with its wealth of shops, cafs, and restaurants. Canterbury's world-famous cathedral, theatres, and cultural attractions are within easy reach, while excellent transport connections, including Canterbury West Station with High-Speed services to London St Pancras in under an hour, make this property highly attractive to professionals, students, and tourists alike.
The city is also home to highly regarded schools and universities, including the University of Kent and Canterbury Christ Church University, ensuring consistent rental demand year after year.
Key Features
-Substantial freehold property in prime city centre location
-Ground-floor commercial unit (let on 10-year lease, 50,000 pa)
-Maisonette arranged over three floors with five well-proportioned bedrooms
-Each floor benefits from its own bathroom
-Additional self-contained unit with separate access, kitchen, and bathroom
-Combined potential income of approx. 130,000 per annum
-Scope and preparation for lift installation from ground floor to maisonette
-Current maisonette door can be used as a fire exit
-Excellent rental demand from professionals, students, and tourists
-Outstanding potential for holiday letting
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 7.2% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
This is a rare opportunity to acquire a substantial freehold property in the very heart of Canterbury's historic city centre, comprising a large top-floor maisonette arranged over three floors together with a commercial unit on the ground floor.
The residential accommodation offers five generously sized bedrooms, with the added benefit of a bathroom on each floor for maximum convenience. In addition, there is a separate self-contained unit with its own entrance, kitchen, and bathroom facilities, providing flexibility for long-term rentals or short-term lets.
The ground floor is occupied by a popular chicken wings restaurant, currently let on a secure 10-year lease producing an annual rental income of 55,000 per annum.
The maisonette has the potential to achieve approximately 3,000 per calendar month, while the self-contained accommodation is currently producing around 4,300 per calendar month. Together, the combined income across the property represents an exceptional return of approximately 130,000 per annum, making this an outstanding investment opportunity.
There is also scope and preparation already in place for a lift to be installed from the ground floor up to the maisonette, providing modern access. This means the current door to the maisonette could be repurposed as a dedicated fire exit.
With its central position, versatile layout, and proven rental demand, the property also has excellent potential as a holiday let, appealing to Canterbury's year-round tourist market.
Location
Situated in the heart of Canterbury city centre, this property is just moments from the bustling High Street, with its wealth of shops, cafs, and restaurants. Canterbury's world-famous cathedral, theatres, and cultural attractions are within easy reach, while excellent transport connections, including Canterbury West Station with High-Speed services to London St Pancras in under an hour, make this property highly attractive to professionals, students, and tourists alike.
The city is also home to highly regarded schools and universities, including the University of Kent and Canterbury Christ Church University, ensuring consistent rental demand year after year.
Key Features
-Substantial freehold property in prime city centre location
-Ground-floor commercial unit (let on 10-year lease, 50,000 pa)
-Maisonette arranged over three floors with five well-proportioned bedrooms
-Each floor benefits from its own bathroom
-Additional self-contained unit with separate access, kitchen, and bathroom
-Combined potential income of approx. 130,000 per annum
-Scope and preparation for lift installation from ground floor to maisonette
-Current maisonette door can be used as a fire exit
-Excellent rental demand from professionals, students, and tourists
-Outstanding potential for holiday letting
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 7.2% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
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