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 7th December 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
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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
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
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
£50,000
06/11/2022
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).
