For the Seller's Legal Pack, please click the Property Documents tab below
Lot 19
Auction 13th October 2016
Rent
Status Sold
Price £1,000,000
Sector Shopping Centre
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
12 miles south-west of Ashford, 22 miles east of Tunbridge Wells
Roads
A28, B2080, A229
Rail
Ashford International Rail (38 mins to London St Pancras)
Air
London City Airport
Situation
Tenterden is an attractive market town located on the A28 between Ashford and Hastings. The property is situated in the town centre on the eastern side of Sayers Lane, adjacent to Waitrose Supermarket. Other nearby occupiers include Laura Ashley, British Red Cross and Costa Coffee.
Tenure
Freehold.
Location
Miles
12 miles south-west of Ashford, 22 miles east of Tunbridge Wells
Roads
A28, B2080, A229
Rail
Ashford International Rail (38 mins to London St Pancras)
Air
London City Airport
Situation
Tenterden is an attractive market town located on the A28 between Ashford and Hastings. The property is situated in the town centre on the eastern side of Sayers Lane, adjacent to Waitrose Supermarket. Other nearby occupiers include Laura Ashley, British Red Cross and Costa Coffee.
Tenure
Freehold.
Description
Sayers Square is a partly covered shopping arcade comprising five retail units and four office suites above.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Sayers Square is a partly covered shopping arcade comprising five retail units and four office suites above.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
7
Ground
Retail
56.76 sq m
(611 sq ft)
BLUE BELL COFFEE COMPANY LIMITED t/a Bluebell Coffee House
10 years from 28/10/2015 (1)
£23,000
28/10/2020 (27/10/2025)
9
Ground
Retail
61.69 sq m
(664 sq ft)
KJL & CO SERVICES LIMITED t/a Kid Ella
6 years from 23/09/2015 (2)
£13,000
23/09/2018 (22/09/2021)
11
Ground
Retail
28.24 sq m
(304 sq ft)
INDIVIDUALS t/a Figis
2 years from 26/03/2015
£9,000
(25/03/2017)
13
Ground
Retail
46.92 sq m
(505 sq ft)
INDIVIDUAL t/a Mia Home
15 years from 25/07/2002
£11,750
(24/07/2017)
15-17
Ground
Retail
85.56 sq m
(921 sq ft)
INDIVIDUAL t/a Woodcocks Home & Gifts
15 years from 10/05/2005
£31,800
10/05/2018 (09/05/2020)
19
First
Office
79.34 sq m
(854 sq ft)
VACANT POSSESSION
21
First
Office
67.26 sq m
(724 sq ft)
VITANIUM SYSTEMS LIMITED
6 years from 09/04/2014 (3)
£8,125
(08/04/2020)
23
First
Office
34.84 sq m
(375 sq ft)
VACANT POSSESSION
-
-
-
25
First
Office
121.89 sq m
(1,312 s q ft)
VACANT POSSESSION
-
-
-
Total
582.50 sq m
(6,270 sq ft)
£96,675
(1) For the purpose of clarification the current rent is £20,000 per annum rising by £1,000 per annum annually to £23,000 per annum. The Seller has agreed to adjust the completion monies so that the unit effectively produces £23,000 per annum from completion of the sale. (2) The lease provides a tenant option to determine on 23/09/2018. (3) The lease provides a tenant option to determine on 09/04/2017.