11 Earl Street Maidstone Kent ME14 1PL

11 Earl Street
Maidstone
Kent
ME14 1PL

Freehold Retail Investment

Let to Amplifon Limited until 2025 (no tenant break)
Tenant in occupation since 2005 having refitted unit in 2015
Nearby occupiers include Primark, Marks & Spencer, WHSmith and Superdrug
Prominent pedestrianised location in Maidstone town centre opposite Fremlin Walk Shopping Centre

Lot
19
Auction
23rd May 2019
Rent
£25,000 per Annum Exclusive
Status
Sold
Price
£310,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On behalf of Trustees

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Freehold Retail Investment

Let to Amplifon Limited until 2025 (no tenant break)
Tenant in occupation since 2005 having refitted unit in 2015
Nearby occupiers include Primark, Marks & Spencer, WHSmith and Superdrug
Prominent pedestrianised location in Maidstone town centre opposite Fremlin Walk Shopping Centre

Lot 19
Auction 23rd May 2019
Rent £25,000 per Annum Exclusive
Status Sold
Price £310,000
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, WHSmith 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 shop with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

EPC

See legal pack at acuitus.co.uk.

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor.

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
Ground First	Retail/Ancillary Ancillary	44.70 sq m 23.30 sq m	(481 sq ft) (251 sq ft)	AMPLIFON LIMITED (1)	10 years from 11/11/2015 until 10/11/2025 (2) on a full repairing and insuring lease	£25,000	11/11/2020
Total		68.00 sq m	(732 sq ft)			£25,000

(1) Founded in 1950, Amplifon is the global leader in hearing care retail with a presence in 29 countries across the globe, around
11,000 points of sale and a workforce of around 16,000 people (Source: www.amplifon.com 18/04/2019).
(2) The lease provides for a landlord only option to determine on 29th September 2023, subject to four months' notice.