Let to Aurora Spa Health and Beauty Limited guaranteed by Practical Contract Solutions Limited
New 10 year lease from January 2016
Pedestrianised High Street location
Nearby occupiers include Primark, JD Wetherspoon, McDonald’s and Costa Coffee
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 82
Auction 19th May 2016
Rent £17,004 per Annum Exclusive
Status Sold
Price £238,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
7 miles east of Dartford, 26 miles east of Central London
Roads
A2, M2, M20, M25
Rail
Gravesend Railway Station
Air
London Gatwick Airport
Situation
The property is situated in the heart of the town centre on the western side of the pedestrianised High Street, close to its junction with Jury Street. St. George's Square Shopping Centre is located a short distance from the property and houses retailers including Sports Direct, Poundstretcher, Boots and WH Smith. Other nearby occupiers include Primark, JD Wetherspoon, McDonald's and Costa Coffee.
Tenure
Long Leasehold. Held from Town & Country Housing Group for a term of 300 years expiring on 31 May 2301 at a peppercorn rent.
Location
Miles
7 miles east of Dartford, 26 miles east of Central London
Roads
A2, M2, M20, M25
Rail
Gravesend Railway Station
Air
London Gatwick Airport
Situation
The property is situated in the heart of the town centre on the western side of the pedestrianised High Street, close to its junction with Jury Street. St. George's Square Shopping Centre is located a short distance from the property and houses retailers including Sports Direct, Poundstretcher, Boots and WH Smith. Other nearby occupiers include Primark, JD Wetherspoon, McDonald's and Costa Coffee.
Tenure
Long Leasehold. Held from Town & Country Housing Group for a term of 300 years expiring on 31 May 2301 at a peppercorn rent.
Description
The property comprises a ground floor shop with a basement providing ancillary accommodation, forming part of a larger building.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with a basement providing ancillary accommodation, forming part of a larger building.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review (Reversion)
Ground/Basement
Retail/Ancillary
135.64 sq m
(1,460 sq ft)
AURORA SPA HEALTH AND BEAUTY LIMITED (1)
10 years from 05/01/2016 on a full repairing and insuring lease
£17,004
05/01/2021 (04/01/2026)
Totals
135.64 sq m
(1,460 sq ft)
£17,004
(1) The lease has been guaranteed by Practical Contract Solutions Limited.