Superdrug and Card Factory
78 - 80 High Street
Sittingbourne
Kent
ME10 4PB

Freehold Retail Investment

  • Comprises two retail units entirely let to Superdrug Stores Plc
  • One unit sublet to Sportswift Limited t/a Card Factory
  • Town centre location adjacent to The Forum Shopping Centre
  • Popular London commuter town
  • Neighbouring occupiers include WH Smith, Boots the Chemist, Sports Direct, Holland & Barrett, Greggs, NatWest, Halifax and Barclays
  • Lot
    26
  • Auction
    11/Dec/2019
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £595,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • Superdrug and Card Factory<br>78 - 80 High Street<br>Sittingbourne<br>Kent<br>ME10 4PB
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
11 miles north-east of Maidstone
15 miles south-west of Canterbury
51 miles south-east of London
Roads
A249, A2, M2 (Junction 5)
Rail
Sittingbourne Rail
Air
London City Airport. London Southend Airport, London Gatwick Airport
Situation

Sittingbourne is popular and attractive London commuter town. The property is situated in a prominent position on High Street, the town's prime retailing thoroughfare, adjacent to the entrance of The Forum Shopping Centre. Neighbouring occupiers include Boots the Chemist, Sports Direct, Holland & Barrett, Greggs, NatWest, Halifax and Barclays.

Tenure

Freehold.

Description

The property comprises two self-contained retail units. 78 High Street comprises ground floor retail accommodation with first and basement floor ancillary accommodation and benefits from loading doors at the rear. 80 High Street comprises ground floor retail accommodation and first floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

Note

The adjoining property 82-84 High Street let to Betfred is being offered as Lot 33.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
78
Ground
First
Basement
Retail
Ancillary
Ancillary
241.33 sq m
184.38 sq m
77.39 sq m
(2,598 sq ft)
(1,985 sq ft)
(833 sq ft)
SUPERDRUG
STORES PLC (1)
5 years from
20/09/2017 (2) on a
full repairing and
insuring lease
£60,00019/09/2022
80Ground
First
Retail
Ancillary
145.23 sq m
132.55 sq m
(1,563 sq ft)
(1,426 sq ft)
Totals  
780.88 sq m
(8,405 sq ft)
  £60,000 

(1) For the year ending 29th December 2018, Superdrug Stores Plc reported a turnover of £1,283,161,000, pre-tax profits of £88,339,000 and a total net worth of £178,525,000 (Source: Experian Group 15/11/2019).
(2) Superdrug Stores Plc has a lease over the entire property and is subletting 80 High Street to Sportswift Limited t/a Card Factory on co terminus terms at a rent of £27,500 per annum. For the year ending 31st January 2019, Sportswift Limited reported a turnover of £417,167,000, pre-tax profits of £66,206,000 and a total net worth of £24,056,000 (Source: Experian Group 15/11/2019).

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    05.12.19
    File Size
    33 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    762 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
BTMK Solicitors Barringtons, Hockley Road
Rayleigh
Essex
SS6 8EH
William Todman 01268 774 073william.todman@btmk.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now