Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Fund
Property Information
Location
Miles
8 miles north of Canterbury, 15 miles west of Ramsgate, 32 miles north-east of Maidstone
Roads
A299, A2, A28, M2, (Junction 7)
Rail
Herne Bay Railway Station
Air
Gatwick Airport
Situation
The property is situated in a prominent position on the northern side of the pedestrianised Mortimer Street in Herne Bay town centre. Nearby occupiers include Barclays Bank, Boots, Santander and Carphone Warehouse.
Tenure
Freehold.
Location
Miles
8 miles north of Canterbury, 15 miles west of Ramsgate, 32 miles north-east of Maidstone
Roads
A299, A2, A28, M2, (Junction 7)
Rail
Herne Bay Railway Station
Air
Gatwick Airport
Situation
The property is situated in a prominent position on the northern side of the pedestrianised Mortimer Street in Herne Bay town centre. Nearby occupiers include Barclays Bank, Boots, Santander and Carphone Warehouse.
Tenure
Freehold.
Description
The property comprises a large ground floor retail unit with ancillary accommodation over the first floor and mezzanine.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a large ground floor retail unit with ancillary accommodation over the first floor and mezzanine.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not 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
Reversion
Ground Mezzanine First
Retail/Ancillary Ancillary Ancillary
372.55 sq m 5.09 sq m 165.10 sq m
(4,010 sq ft) (55 sq ft) (1,777 sq ft)
PEACOCKS STORES LIMITED (1)
63 years from 11/11/1961 on a full repairing and insuring lease
£38,500
11/11/2024
Totals
542.74 sq m
(5,842 sq ft)
£38,500
(1) For the year ending 01/03/2014, Peacocks Stores Limited reported a turnover of £324,874,000, pre-tax profits of £58,471,000 and a total net worth of £90,545,000. (Source: www.riskdisk.com 27/02/2015)
