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
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.
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.
