Predominantly let to A-Plan Holdings (trading as A-Plan Insurance) until July 2025
Prominent corner location
Nearby occupiers include Pizza Express, Wagamama, Nando's, Body Shop, Sweaty Betty, White Stuff and Caffè Nero
Affluent and popular London commuter town
Lot 18
Auction 23rd May 2019
Rent £36,850 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
13 miles north of Royal Tunbridge Wells
18 miles west of Maidstone
30 miles south-east of Central London
Roads
A21, A25, A225, M26 (J5)
Rail
Sevenoaks Train Station
Air
London City, Heathrow and Gatwick Airports
Situation
Sevenoaks is an affluent Kent market town and popular London commuter town 13 miles north of Royal Tunbridge Wells and 30 miles south-east of Central London. The property is located in a prominent retailing location on the west side of High Street, at its junction with Pembroke Road. Nearby occupiers include Pizza Express, Wagamama, Nando's, Body Shop, Sweaty Betty, White Stuff and Caffè Nero.
Tenure
Freehold.
Location
Miles
13 miles north of Royal Tunbridge Wells
18 miles west of Maidstone
30 miles south-east of Central London
Roads
A21, A25, A225, M26 (J5)
Rail
Sevenoaks Train Station
Air
London City, Heathrow and Gatwick Airports
Situation
Sevenoaks is an affluent Kent market town and popular London commuter town 13 miles north of Royal Tunbridge Wells and 30 miles south-east of Central London. The property is located in a prominent retailing location on the west side of High Street, at its junction with Pembroke Road. Nearby occupiers include Pizza Express, Wagamama, Nando's, Body Shop, Sweaty Betty, White Stuff and Caffè Nero.
Tenure
Freehold.
Description
The property comprises a ground floor shop, with six self-contained flats on the first and second floors let on long leases.
VAT
VAT is applicable to this lot.
EPC
Band C (Shop). See legal pack at acuitus.co.uk
Description
The property comprises a ground floor shop, with six self-contained flats on the first and second floors let on long leases.
VAT
VAT is applicable to this lot.
EPC
Band C (Shop). See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Retail
148.50 sq m
(1,598 sq ft)
A-PLAN HOLDINGS (1) t/a A Plan Insurance
10 years from 02/07/2015 until 01/07/2025
£36,250
02/07/2020
First/Second
Residential (6 flats)
-
(-)
INDIVIDUALS
6 leases each let for 125 years from 06/10/2010 until 06/10/2135 each let at £100 per annum, doubling every 25 years
£600
Various dates in 2035 and 25 yearly thereafter
Total (Ground Floor)
148.50 sq m
(1,598 sq ft)
£36,850
(1) For the year ending 28th February 2018, A-Plan Holdings reported a turnover of £93,357,176, pre-tax profits of £29,948,892 and a total net worth of £19,029,747. A-Plan has been providing a personalised insurance service to clients since the 1960s and now has over 80 branches in the UK. NB: The Seller has served notices on the residential tenants, pursuant to section 5B of the Landlord & Tenant Act 1987. No acceptance notices have been received from the tenants within the permitted period and therefore the residential tenants cannot exercise their rights of pre-emption on this sale.
