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Withdrawn Post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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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Status Withdrawn Post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

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

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

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.