53 Sandgate Road Folkestone Kent CT20 1NY

53 Sandgate Road
Folkestone
Kent
CT20 1NY

Well Located Retail Investment

  • Let to Claire's Accessories UK Limited
  • New 5 year lease renewal (subject to option)
  • Prominent Town Centre location opposite Bouverie Place Shopping Centre
  • Nearby occupiers include Debenhams, Costa, Boots the Chemist and WH Smith
  • Lot
    29
  • Auction
    13th July 2017
  • Rent
    £20,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £249,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Well Located Retail Investment

  • Let to Claire's Accessories UK Limited
  • New 5 year lease renewal (subject to option)
  • Prominent Town Centre location opposite Bouverie Place Shopping Centre
  • Nearby occupiers include Debenhams, Costa, Boots the Chemist and WH Smith
  • Lot 29
  • Auction 13th July 2017
  • Rent
  • Status Sold
  • Price £249,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
8 miles south-west of Dover, 15 miles south-east of Ashford, 70 miles south-east of central London
Roads
A20, A259, M20 (Junction 13),
Rail
Folkestone Central Railway Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation

The property is prominently situated on the southern side of the pedestrianised Sandgate Road, in the heart of Folkestone town centre. Bouverie Place Shopping Centre is located opposite, with occupiers including Primark, Next,
Sports Direct, TK Maxx, Poundland and New Look. Other nearby occupiers include Debenhams, Boots the Chemist, Costa, Wilko and WH Smith. NCP Car Park Bouverie Place is located close by and provides car parking for approximately 480 cars.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion at a peppercorn rent.

Location
Miles
8 miles south-west of Dover, 15 miles south-east of Ashford, 70 miles south-east of central London
Roads
A20, A259, M20 (Junction 13),
Rail
Folkestone Central Railway Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation

The property is prominently situated on the southern side of the pedestrianised Sandgate Road, in the heart of Folkestone town centre. Bouverie Place Shopping Centre is located opposite, with occupiers including Primark, Next,
Sports Direct, TK Maxx, Poundland and New Look. Other nearby occupiers include Debenhams, Boots the Chemist, Costa, Wilko and WH Smith. NCP Car Park Bouverie Place is located close by and provides car parking for approximately 480 cars.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion at a peppercorn rent.

Description

The property comprises a ground floor shop with basement ancillary accommodation, forming part of a larger building.

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 a ground floor shop with basement ancillary accommodation, forming part of a larger building.

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/
Basement
Retail/
Ancillary
149.95 sq m
(1,614 sq ft)
CLAIRE'S
ACCESSORIES UK
LIMITED (1)
5 years from
19/06/2017 (2) on an
effectively full
repairing and
insuring lease
£20,000 18/06/2022
Totals
149.95 sq m
(1,614 sq ft)
    £20,000  

(1) For the year ending 30th January 2016, Claire's Accessories UK Limited reported a turnover of £121,709,000, pre-tax profits of £4,770,000 and a total net worth of £22,216,000 (Source: Experian Group 15/06/2017).
(2) The lease provides for a tenant option to determine on the third anniversary of lease commencement. In the event that the break option is exercised, there will be a penalty equivalent to 5 months’ rent.

Property Documents

  • Site Plan
    Updated Date
    19.11.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    19.11.19
    File Size
    800 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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Freemans Solicitors 22 Upper Woburn Place
London
WC1H 0HW
Howard Freeman 020 7935 3522hf@freemanssolicitors.net

Useful Links

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

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