76 Week Street
Maidstone
Kent
ME14 1RJ

Freehold Retail Investment

  • Newly renewed 5 year lease to Savers Health and Beauty Limited (in occupation for at least 15 years)
  • Prominent retail position in pedestrianised town centre location
  • Nearby occupiers include Primark, Marks & Spencer, Halifax and Burger King
  • Lot
    3
  • Auction
    07/Dec/2017
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £625,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 76 Week Street<br>Maidstone<br>Kent<br>ME14 1RJ
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Property Information

Location
Miles
17 miles north-east of Tunbridge Wells, 37 miles south-east of London
Roads
A20, A229, A249, M20 (Junction 6)
Rail
Maidstone East Railway Station, Maidstone West Railway Station
Air
London Gatwick Airport, London City Airport
Situation

The property is situated in a prominent corner position on the eastern side of Week Street, Maidstone’s prime pedestrianised retail thoroughfare. The property benefits from its proximity to the Fremlin Walk Shopping Centre, and to nearby occupiers including Primark, Marks & Spencer, Halifax, Burger King and William Hill.

Tenure

Freehold.

Description

The property comprises ground floor retail and ancillary accommodation with further ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground

First
Retail/Ancillary

Ancillary
229.19 sq m

253.90 sq m
(2,467 sq ft)

(2,733 sq ft)
SAVERS HEALTH
AND BEAUTY
LIMITED (1)
5 years from
07/11/2017 on a
full repairing and
insuring lease
£50,00006/11/2022
Totals
483.09 sq m
(5,200 sq ft)
  £50,000 

(1) Savers specialise in branded health, home and beauty products and have over 380 stores throughout the UK (Source: www.savers.co.uk 08/11/2017). Savers are part of the A.S. Watson Group, the largest international health and beauty retailer in Asia and Europe with over 13,700 stores (Source: www.aswatson.com 08/11/2017).

Property Documents

  • Site Plan
    Updated Date
    14.11.17
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    870 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Cameron McKenna Nabarro Olswang LLP 1 South Quay Victoria Quays
Sheffield
S2 5SY
Kate Johnson 0114 279 4058Kate.Johnson@cms-cmno.com

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