74-80 & 82-84 High Street Deal Kent CT14 6EQ

74-80 & 82-84 High Street
Deal
Kent
CT14 6EQ

Freehold Retail Investment

  • Let to The Factory Shop Limited
  • Prominent Town Centre corner position
  • Residential Redevelopment Potential (subject to consents)
  • RPI Linked Rent Review
  • Nearby occupiers include HSBC and Halifax Banks, New Look and WH Smith
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    95
  • Auction
    13th October 2016
  • Rent
    £113,800 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to The Factory Shop Limited
  • Prominent Town Centre corner position
  • Residential Redevelopment Potential (subject to consents)
  • RPI Linked Rent Review
  • Nearby occupiers include HSBC and Halifax Banks, New Look and WH Smith
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 95
  • Auction 13th October 2016
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
70 miles south-east of London, 19 miles south-east of Canterbury, 29 miles east of Ashford
Roads
A2, A20, A256
Rail
Deal Railway Station
Air
London Gatwick Airport
Situation

Deal is a popular town in Kent benefiting from Southeastern's high speed railway line which connects Deal with Ashford International and London St Pancras. The property is situated in a prominent corner position on the east side of High Street, at its junction with Market Street. Nearby occupiers include HSBC and Halifax Banks, New Look and WH Smith.

Tenure

Freehold.

Location
Miles
70 miles south-east of London, 19 miles south-east of Canterbury, 29 miles east of Ashford
Roads
A2, A20, A256
Rail
Deal Railway Station
Air
London Gatwick Airport
Situation

Deal is a popular town in Kent benefiting from Southeastern's high speed railway line which connects Deal with Ashford International and London St Pancras. The property is situated in a prominent corner position on the east side of High Street, at its junction with Market Street. Nearby occupiers include HSBC and Halifax Banks, New Look and WH Smith.

Tenure

Freehold.

Description

The property comprises a substantial corner property comprising 5 buildings fronting High Street and a further two buildings fronting Market Street. The property currently forms a large department store and a self-contained retail unit with ancillary accommodation on the first and second floors. The property may benefit from future residential redevelopment (subject to consents).

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

The property comprises a substantial corner property comprising 5 buildings fronting High Street and a further two buildings fronting Market Street. The property currently forms a large department store and a self-contained retail unit with ancillary accommodation on the first and second floors. The property may benefit from future residential redevelopment (subject to consents).

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 Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
74-80 Ground
First
Second
693.96 sq m
578.09 sq m
119.66 sq m
(7,470 sq ft)
(6,223 sq ft)
(1,288 sq ft)
THE FACTORY
SHOP LIMITED (1)
15 years from 16/10/2008 on a full repairing and
insuring lease
£103,800 16/10/2018 (2)
(15/10/2023)
82-84 Ground
First
Second
54.30 sq m
29.00 sq m
38.80 sq m
(584 sq ft)
(312 sq ft)
(417 sq ft)
SWANSTITCH
LIMITED
5 years from 01/02/2015 on a
full repairing and
insuring lease
£10,000 (31/01/2020)
Totals  
1,513.81 sq m
(16,294 sq ft)
    £113,800  

(1) For the year ending 29th March 2015, The Factory Shop Limited reported a turnover of £174,334,000, pre-tax profits of £7,855,000 and a total net worth of £44,438,000. (Source: www.riskdisk.com 06/09/2016).
(2) The lease provides for the 2018 rent review to be increased in line with the Retail Price Index. Please see lease for details.

Property Documents

  • Catalogue Page
    Updated Date
    21.09.16
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    21.09.16
    File Size
    79 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Russell-Cooke LLP 8 Bedford Row
London
WC1R 4BX
Kathrin McClintock 0207 440 4834Kathrin.McClintock@Russell-Cooke.co.uk  Thomas Ferguson 02074 404 808thomas.ferguson@russell-cooke.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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