Vaughan Chambers
4 Tonbridge Road
Maidstone
Kent
ME16 8RP

Freehold Office Investment

  • Prominent four storey fully let office building
  • 8,972 sq ft with 28 on-site car parking spaces
  • Tenants Perspective South East Limited on a new 10 year lease (2) and One, Two, Three Send Limited on a lease expiring 2027 (1)
  • Future development/residential potential (7)
  • Close to Maidstone West railway station
  • Lot
    43
  • Auction
    05/Dec/2018
  • Rent
    £122,084 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Vaughan Chambers<br>4 Tonbridge Road<br>Maidstone<br>Kent<br>ME16 8RP
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Property Information

Location
Miles
25 miles west of Canterbury
17 miles north-east of Tunbridge Wells
35 miles south-east of London
Roads
A229, London Road (A20), A249,
M20 (Junction 6)
Rail
Maidstone East Railway Station
Maidstone West Railway Station
Air
London Heathrow Airport
London Gatwick Airport
London City Airport
Situation

Maidstone is the county town and administrative centre of Kent located 35 miles east of London, 35 miles north-west of Folkstone and 25 miles west of Canterbury. The town benefits from good transport links, with the M20 within 2 miles and the M25 19 miles to the east. There are regular rail services to London. The property is located on Tonbridge Road, close to its junction with London Road (A20), on the west side of Maidstone town centre near to Maidstone West railway station. Nearby occupiers include Crown Court, McDonald’s, Lidl, Premier Inn, Asda, Pure Gym and Odeon.

Tenure

Freehold.

Description

The property comprises a four storey office building and benefits from comfort cooling/heating, raised floors, suspended ceilings, passenger lift, WCs, reception and 28 car parking spaces. The property has recently been refurbished with new lights on the ground floor, new carpets throughout and lighting upgrade in the WCs.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from conversion to residential use, subject to the current occupation and all the necessary consents/permissions. Interested parties are referred to Maidstone Borough Council (www.maidstone.gov.uk).

Completion Period

Six Week Completion

EPC

Band C. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
GroundOffice
200 sq m
(2,151 sq ft)
PERSPECTIVE (SOUTH
EAST) LIMITED guaranteed
by Perspective Financial
Group Limited (3)
10 years from
10/05/2018 on a full
repairing and
insuring lease (2)
£30,000 (4)2023
First
Second
Third
Office
Office
Office
233 sq m
241 sq m
159 sq m
(2,508 sq ft)
(2,601 sq ft)
(1,712 sq ft)
ONE TWO THREE SEND
LIMITED
guaranteed by CR7
services Limited (5)
10 years from
10/01/2017 on a full
repairing and
insuring lease (1)
£92,084 (6)2022
Total
833 sq m
(8,972 sq ft)
  £122,084 

(1) Tenant’s option to determine in the 6th year upon 6 months’ notice.
(2) Tenant’s option to determine in the 5th year upon 6 months’ notice.
(3) Perspective Financial Group Limited is the parent company of 14 financial advisory firms and one discretionary fund management firm with over 150 staff (Source : www.pfgl.co.uk).
(4) Rent deposit of £18,000 held. ,
(5) For the year ended 31st December 2017 One Two Three Send Limited reported a turnover of £3,781,280, pre-tax profits of £418,430 and a net worth £3,083,647 (Source : Experian 5/11/208).
(6) Rent deposit of £55,250 held

Property Documents

  • Solicitors Legal Pack
    Updated Date
    29.11.18
    File Size
    77 MB
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  • Catalogue Page
    Updated Date
    14.11.18
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    14.11.18
    File Size
    772 KB
    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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
DWF LLP 20 Fenchurch Street
London
EC3M 3AG
Gregor Munro 020 7280 8888gregor.munro@dwf.co.uk

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