Entirely let to Kwik-Fit Properties Limited (guaranteed by Kwik-Fit Holdings Limited) until 2027 (no breaks)
Prominent position on A226 London Road
Close proximity to Junction 1A of A282 (M25)
Located adjacent to Jewson and Shell Garage
Lot 8
Auction 19th October 2017
Rent £52,978 per Annum Exclusive
Status Sold
Price £900,000
Sector Motor Trade/Petrol Station
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles east of Bromley, 16 miles north of Sevenoaks, 17 miles south-east of Central London
Roads
A2, A282, M20, M25
Rail
Dartford Railway Station
Air
London City Airport
Situation
Dartford is a market town located at Junction 1 of the M25 Motorway, just to the south of the Queen Elizabeth Bridge and the Dartford Tunnel. The property is situated in a prominent position on London Road (A226), close to its junction with the A282 (Junction 1A). Nearby occupiers include Jewson and a Shell garage.
Tenure
Freehold.
Location
Miles
12 miles east of Bromley, 16 miles north of Sevenoaks, 17 miles south-east of Central London
Roads
A2, A282, M20, M25
Rail
Dartford Railway Station
Air
London City Airport
Situation
Dartford is a market town located at Junction 1 of the M25 Motorway, just to the south of the Queen Elizabeth Bridge and the Dartford Tunnel. The property is situated in a prominent position on London Road (A226), close to its junction with the A282 (Junction 1A). Nearby occupiers include Jewson and a Shell garage.
Tenure
Freehold.
Description
The property comprises a ground floor tyre depot with ancillary accommodation. The property benefits from roller shutter doors and forecourt parking.
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 tyre depot with ancillary accommodation. The property benefits from roller shutter doors and forecourt parking.
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
Reviews
Ground
Workshop Ancillary
371.38 sq m
(3,997 sq ft)
KWIK-FIT PROPERTIES LIMITED guaranteed by Kwik-Fit Holdings Limited (1)
30 years from 22/12/1997 until 21/12/2027 on a full repairing and insuring lease
£52,978.82
22/12/2017 22/12/2022
Total
371.38 sq m
(3,997 sq ft)
£52,978.82
(1) Kwik Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes, and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 600 centres (Source: www.kwikfit.com). For the year ending 31st March 2016, Kwik-Fit Holdings Limited reported a total net worth of £28,538,000 (Source: Experian Group - 20/02/2017).
