9 Earl Street Maidstone Kent ME14 1PL

9 Earl Street
Maidstone
Kent
ME14 1PL

Freehold Retail Investment

Let to Toni & Guy (South) Limited until 2027 (subject to option)
Tenant in occupation since at least 2002
Prominent pedestrianised location in Maidstone town centre opposite Fremlin Walk Shopping Centre
Nearby occupiers include Primark, Marks & Spencer, WH Smith and Superdrug

Lot
15
Auction
23rd May 2019
Rent
£34,000 per Annum Exclusive
Status
Sold
Price
£446,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On behalf of Trustees

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Freehold Retail Investment

Let to Toni & Guy (South) Limited until 2027 (subject to option)
Tenant in occupation since at least 2002
Prominent pedestrianised location in Maidstone town centre opposite Fremlin Walk Shopping Centre
Nearby occupiers include Primark, Marks & Spencer, WH Smith and Superdrug

Lot 15
Auction 23rd May 2019
Rent £34,000 per Annum Exclusive
Status Sold
Price £446,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On behalf of Trustees

Property Information

Location

Miles: 17 miles north-east of Tunbridge Wells; 37 miles south-east of Central London
Roads: A20, A229, A249, M20 (Junction 6)
Rail: Maidstone East Railway Station; Maidstone West Railway Station
Air: London Gatwick Airport, London City Airport

Situation

Maidstone is the county town and administrative centre of Kent located 35 miles east of London. The property is situated on the southern side of the pedestrianised Earl Street, between its junctions with Week Street and Rose Yard, in the heart of Maidstone town centre. Nearby occupiers include Primark, Marks & Spencer, WH Smith and Superdrug. Fremlin Walk Shopping Centre is located opposite the property with the Fremlin Walk car park (providing 760 spaces) within 100 yards.

Tenure

Freehold.

Location

Miles: 17 miles north-east of Tunbridge Wells; 37 miles south-east of Central London
Roads: A20, A229, A249, M20 (Junction 6)
Rail: Maidstone East Railway Station; Maidstone West Railway Station
Air: London Gatwick Airport, London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first and second floor ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

See legal pack at acuitus.co.uk

Description

The property comprises a ground floor retail unit with first and second floor ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground First Second	Retail Ancillary Ancillary	56.10 sq m 53.50 sq m 56.90 sq m	(604 sq ft) (576 sq ft) (612 sq ft)	TONI & GUY (SOUTH) LIMITED (1) guaranteed by Mascolo Limited	Approx 10 years from 12/12/2017 on a full repairing and insuring lease (2)	£34,000	25/12/2022 (25/12/2027)
Total		166.50 sq m	(1,792 sq ft)			£34,000

(1) Toni & Guy was founded in 1963 and now has more than 475 salons across 48 countries (source: https://toniandguy.com 18/04/2019). The unit has been sublet to a franchisee (see legal pack).
(2) The lease provides a tenant option to determine on 24/12/2022.