Sayers Square Tenterden Kent TN30 6BW

Sayers Square
Tenterden
Kent
TN30 6BW

Freehold Retail Arcade Investment

  • Located in Affluent Market Town
  • Five Retail Units with Four Office Suites Above
  • Adjacent to Waitrose Supermarket
  • Asset Management Opportunities
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    19
  • Auction
    13th October 2016
  • Rent
    £96,675 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,000,000
  • Sector
    Shopping Centre
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Arcade Investment

  • Located in Affluent Market Town
  • Five Retail Units with Four Office Suites Above
  • Adjacent to Waitrose Supermarket
  • Asset Management Opportunities
  • 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.

Property Documents

  • Catalogue Page
    Updated Date
    12.11.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    12.11.19
    File Size
    80 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
Eversheds 1 Callaghan Square
Cardiff
CF10 5BT
Alexandra Shapland 0292 047 7210AlexShapland2@eversheds.com

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now