36 High Street
Ramsgate
Kent
CT11 9AG

Freehold Retail Investment

  • Let to Savers Health and Beauty Limited until 2022 (subject to option)
  • Rebased rent (3)
  • Prime pedestrianised location
  • Neighbouring occupiers include Santander, WH Smith, Bonmarché, New Look and Peacocks
  • Lot
    76
  • Auction
    18/Oct/2018
  • Rent
    £29,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 36 High Street<br>Ramsgate<br>Kent<br>CT11 9AG
  • Expand
  • Photos
  • Map

Property Information

Location
Miles
75 miles south-east of London city centre, 16 miles east of Canterbury
Roads
M2 (junction 7), A253, A256
Rail
Ramsgate Railway Station (Approximately 1 hour 16 mins to London St Pancras International)
Air
London Gatwick Airport, Manston Airport
Situation

Ramsgate is a busy port on the east coast of Kent, with excellent links to the M2 via the A253. The property is prominently located on the south side of the pedestrianised High Street. Neighbouring occupiers include Santander, WH Smith, Bonmarché, New Look and Peacocks.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

D

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Retail
Ancillary
Ancillary

287.18 sq m
288.68 sq m
42.00 sq m

(3,091 sq ft)
(3,107 sq ft)
(452 sq ft)
SAVERS HEALTH
AND BEAUTY (1)
5 years from
22/10/2017 (2) on a
full repairing and
insuring lease
£29,00021/10/2022
Total
617.86 sq m
(6,650 sq ft)
  £29,000 

(1) Savers Health and Beauty Limited was incorporated in 1987 and trades from over 400 stores nationwide. For the year ending 31st December 2016, Savers Health and Beauty Limited reported a turnover of £416,708,000, pre-tax profits of £36,319,000, and a total net worth of negative £46,070,000 (Source: Experian Group 14/9/2018).
(2) The lease provides for a tenant option to determine on 22/10/2020 subject to the tenant paying a penalty of £7,250.
(3) The rent has been rebased from £50,000 per annum exclusive to £29,000 per annum exclusive.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    10.10.18
    File Size
    23 MB
    Login to View
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    26.09.18
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Sintons LLP The Cube, Barrack Road
Newcastle upon Tyne
NE4 6DB
David Naughten 0191 226 3647David.Naughten@sintons.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now