Freehold Retail Investment
Freehold Retail Investment
The property is situated on the north side of High Street, Chatham's prime pedestrianised retail thoroughfare, and benefits from its proximity to The Pentagon Shopping Centre, Debenhams, TK Maxx, Shoe Zone and Greggs.
Freehold.
The property is situated on the north side of High Street, Chatham's prime pedestrianised retail thoroughfare, and benefits from its proximity to The Pentagon Shopping Centre, Debenhams, TK Maxx, Shoe Zone and Greggs.
Freehold.
The property comprises two substantial retail buildings comprising 3 retail units with retail accommodation on the ground floor, two of which have ancillary accommodation on the first and second floors.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises two substantial retail buildings comprising 3 retail units with retail accommodation on the ground floor, two of which have ancillary accommodation on the first and second floors.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|---|
| 157 | Ground |
Retail |
76.55 sq m |
(824 sq ft) |
ALBEMARLE & BOND JEWELLER AND PAWNBROKERS LTD (1) |
10 years from 06/08/2009 |
£31,000 | 2014 |
| 159/161 | Ground First Second (extends over 157) |
Gross Frontage Net Frontage Shop Depth Built Depth Retail Ancillary Ancillary |
7.95 m 6.65 m 41.00 m 44.80 m 239.5 sq m 234.4 sq m Not Measured |
(26’ 1”) (21’ 10”) (134’ 6”) (146’ 11”) (2,578 sq ft) (2,523 sq ft) Not Measured |
CEX (FRANCHISING) LTD (guaranteed by CEX Ltd) (2) (3) |
10 years from 01/05/2009 |
£75,000 | 2014 |
| 163 | Ground First Second (extends over 159/161) |
Gross Frontage Net Frontage Shop Depth Built Depth Retail Ancillary Ancillary |
7.15 m 6.30 m 27.25 m 28.90 m 152.2 sq m 148.2 sq m 323.6 sq m |
(23’ 6”) (20’ 8”) (89’ 5”) (94’ 9”) (1,638 sq ft) (1,595 sq ft) (3,483 sq ft) |
FM DOT RETAIL LTD (t/a Monty’s) |
198/12 years from 07/09/2001 until 2021 (4) |
£50,000 | 2011 and 2016 |
| Totals | 1,174.45 sq m |
(12,641 sq ft) |
£156,000 | |||||
(1) For the year ending 30th June 2010, Albemarle & Bond Jewellers & Pawnbrokers Limited reported a turnover of £52,863,000, pre-tax profits of £15,009,000 and a total net worth of £15,292,000. (Source: www.riskdisk.com 10/11/2011)
(2) For the year ending 20th June 2010, CEX (Franchising) Limited reported a total net worth of £897,341. (Source: www.riskdisk.com 10/11/2011)
(3) For the year ending 30th June 2010, CEX Limited reported a turnover of £63,253,811, pre-tax profits of £137,748 and a total net worth of £436,684. (Source: www.riskdisk.com 10/11/2011)
(4) As to Unit 163, the tenant has the option to determine the lease in 2016.
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