143c High Street
Sevenoaks
Kent
TN13 1UX

Prominent Freehold Retail Investment

  • 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
    23/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    Withdrawn Prior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
Important Auction & Property Update
  • 143c High Street<br>Sevenoaks<br>Kent<br>TN13 1UX
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
GroundRetail
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
£36,25002/07/2020
First/SecondResidential
(6 flats)
-
(-)
INDIVIDUALS6 leases each let
for 125 years from
06/10/2010 until
06/10/2135 each
let at £100 per
annum, doubling
every 25 years
£600Various
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.

Property Documents

  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    657 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
Harmer Ray Hoffbrand Third Floor, Portland House,, 4 Great Portland Street
London
W1W 8QJ
Jeremy Lovell 0207 908 7037Jeremy@hrhretail.com
Seller's Solicitors
Thrings LLP 6 Drakes Meadow, Penny Lane
Swindon
SN3 3LL
Christopher Edwards 01793 412 613cedwards@thrings.com

Useful Links

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