36 High Street Ramsgate Kent CT11 9AG

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
    18th October 2018
  • Rent
    £29,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

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 18th October 2018
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

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.

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

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

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
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
£29,000 21/10/2022
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

  • Catalogue Page
    Updated Date
    30.04.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    30.04.19
    File Size
    3 MB
    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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@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

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

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