Commercial · For sale

49 High Street & 20 St Margaret's Street, Canterbury – Prime Freehold Retail Bank Investment

49 High Street & 20 St Margaret's Street, High Street, Canterbury, Kent, CT1 2TG

Guide price £2,400,000

Tenure

Freehold

Added

18 Oct 2026

About this property

Grade II Listed; c.7,659 sq ft NIA; New 5-year lease from July 2026.

Key points: - Rare opportunity to acquire a prominent freehold retail banking investment in the heart of Canterbury, one of the South East's most historic and affluent cathedral cities. - Highly prominent corner building at the junction of High Street and St Margaret's Street. - Let to Lloyds Banking Group plc (Creditsafe 'very low risk') for 5 years from July 2026 at a rebased rent of £185,000 pa (previously £270,000 pa). - Lloyds will undertake a significant refurbishment from January 2027; renewed following at least 30 years of occupation. - Attractive Grade II Listed building of significant architectural character. - Approximately 62 miles south-east of Central London and 20 miles east of Maidstone. - M20 (M25/M26) and M2 motorways give access to London and the national network; A2 and A260 link to the Port of Dover and the Eurotunnel terminal. - Canterbury East and Canterbury West stations handle over 3.6 million passengers a year, with London services in as little as 56 minutes. - Gatwick, the closest major airport, is approximately 50 miles west.

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• Passing Rent: £185k pa
• Net Initial Yield: 7.25%
• Tenure: Freehold