Units 1, 2 & 3, Bell Shopping Centre High Street Sittingbourne Kent ME10 4DW

Units 1, 2 & 3, Bell Shopping Centre
High Street
Sittingbourne
Kent
ME10 4DW

Public House and Leisure Investment

  • Prominent High Street location
  • Majority income secured by J D Wetherspoon until June 2038 (subject to option)
  • Nearby occupiers include Swale Borough Council, New Century Cinema, Mecca Bingo and Iceland
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    69
  • Auction
    22nd October 2015
  • Rent
    £61,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Leisure
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Public House and Leisure Investment

  • Prominent High Street location
  • Majority income secured by J D Wetherspoon until June 2038 (subject to option)
  • Nearby occupiers include Swale Borough Council, New Century Cinema, Mecca Bingo and Iceland
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 69
  • Auction 22nd October 2015
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Leisure
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
11 miles north-east of Maidstone, 15 miles south-west of Canterbury, 51 miles south-east of London
Roads
A249, A2, M2 (Junction 5)
Rail
Sittingbourne
Air
London City Airport
Situation

The property forms part of Bell Shopping Centre and is situated on the southern side of the High Street in Sittingbourne town centre. Nearby occupiers Swale Borough Council, New Century Cinema, Mecca Bingo and Iceland.

Tenure

Virtual Freehold. Virtual Freehold. Held from Bessfame Limited for a term of 999 years from 15/06/1999 at a peppercorn rent.

Location
Miles
11 miles north-east of Maidstone, 15 miles south-west of Canterbury, 51 miles south-east of London
Roads
A249, A2, M2 (Junction 5)
Rail
Sittingbourne
Air
London City Airport
Situation

The property forms part of Bell Shopping Centre and is situated on the southern side of the High Street in Sittingbourne town centre. Nearby occupiers Swale Borough Council, New Century Cinema, Mecca Bingo and Iceland.

Tenure

Virtual Freehold. Virtual Freehold. Held from Bessfame Limited for a term of 999 years from 15/06/1999 at a peppercorn rent.

Description

The property comprises a ground floor public house with self-contained accommodation on the first and second floors, currently used as a snooker club.

Six week Completion

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 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 public house with self-contained accommodation on the first and second floors, currently used as a snooker club.

Six week Completion

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 applicable to this lot.

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)
1 Ground Public
House
556.30 sq m
(5,988 sq ft)
J D WETHERSPOON (1)
(t/a The Summoner Public
House)
40 years from 29/06/1998
until 28/06/2038
£61,000 29/06/2018
and five yearly
2/3 First/
Second
Leisure Not measured INDIVIDUALS
(t/a Sittingbourne
Snooker Club)
99 years from 04/08/2000 Peppercorn (03/08/2099)
Totals    
556.30 sq m
(5,988 sq ft)
    £61,000  

(1) For the year ending 27 July 2014, J D Weatherspoon reported a turnover of £1,409,333,000, pre-tax profits of £78,365,000 and a total net worth of £200,330,000. (Source: Experian 24/09/2015)
(2)The lease provides an option to determine on 29th June 2018.

Property Documents

  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    536 KB
    View PDF
  • Site Plan
    Updated Date
    30.09.15
    File Size
    67 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

Seller's Solicitors
R R Sanghvi & Co Sherwood House, 176 Northolt Road
South Harrow
Middlesex
HA2 0NP
0208 422 4267
Shamez Velji 02085 150 493shamez@rrsanghvi.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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