262 High Street Chatham Kent ME4 4AN

262 High Street
Chatham
Kent
ME4 4AN

Freehold Leisure Investment

Let to GT Promotions Limited t/a City Slots until 2034 (no breaks)
Prime Pedestrianised High Street Location
Nearby occupiers include Debenhams, Iceland, Barclays Bank, Subway and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
76
Auction
19th May 2016
Rent
£60,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Leisure Investment

Let to GT Promotions Limited t/a City Slots until 2034 (no breaks)
Prime Pedestrianised High Street Location
Nearby occupiers include Debenhams, Iceland, Barclays Bank, Subway and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 76
Auction 19th May 2016
Rent £60,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Leisure
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 36 miles south-east of Central London, 10 miles north of Maidstone, 29 miles north-east of Royal Tunbridge Wells
Roads: A2, M2 (Junction 2 and 3)
Rail: Chatham Railway Station
Air: London Gatwick Airport, London City Airport

Situation

The property occupies a prominent corner location on the pedestrianised High Street, at its junction with Rhode Street. Rhode Street provides access from the High Street to both the Rhode Street Car Park and James Street Car Park which service the town centre. Nearby occupiers include Debenhams, Iceland, Barclays, Subway and Superdrug.

Tenure

Freehold.

Location

Miles: 36 miles south-east of Central London, 10 miles north of Maidstone, 29 miles north-east of Royal Tunbridge Wells
Roads: A2, M2 (Junction 2 and 3)
Rail: Chatham Railway Station
Air: London Gatwick Airport, London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with basement ancillary accommodation and three self contained residential flats arranged over first and second floors. The residential flats are accessed via an entrance on Rhode Street.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Basement First Second	Retail Ancillary Residential Residential	154.97 sq m 62.52 sq m 2 x One Bedroom Flats 1 x Two Bedroom Flat	(1,668 sq ft) (673 sq ft)	GTPROMOTIONS LIMITED t/a City Slots	20 years from 01/01/2015 until 31/12/2034 on a full repairing and insuring lease	£60,000	01/01/2020 and five yearly
Total Commercial Area:		217.49 sq m	(2,341 sq ft)			£60,000