Private clients of CRRE Property Advice have successfully completed the acquisition of 5-7 The Parade & 10-11 Mercery Lane, Canterbury.
The 9,233 sq ft property comprises a prominent corner building with retail and ancillary space on the basement, ground and part first floors, with the remaining first and second floors comprising residential apartments,.
The building occupies a prominent position on the north side of The Parade, the city’s principal pedestrianised retail thoroughfare, at its junction with Mercery Lane.
The property is let entirely to Pret a Manger, Fat Face, Cornish Bakery, Roly’s Fudge and Bounce Vintage with eight residential units sold on long leases and produces a total income of £347,150 per annum.
Andy Smith of Smith Coley provided occupational advice. FMX acted for the vendor.
