Situated opposite Debenhams with other nearby occupiers including Santander Bank, Lloyds TSB, Burger King, Specsavers and McDonald’s
Six Week Completion Period Available
Lot 16
Auction 24th May 2012
Rent
Status Withdrawn Post
Price
Sector Bank
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
36 miles south-east of Central London, 10 miles north of Maidstone, 29 miles north-east of Royal Tunbridge Wells
Roads
A2, M2 (Junction 2 and 3)
Rail
Chatham Railway Station
Air
London Gatwick Airport, London City Airport
Situation
The property is situated on the north side of High Street, Chatham’s prime pedestrianised retail thoroughfare. The property is situated close to the Pentagon Shopping Centre and opposite Debenhams Department Store with other nearby occupiers including Santander Bank, Lloyds TSB, Burger King, Specsavers, and McDonald’s.
Tenure
Freehold.
Location
Miles
36 miles south-east of Central London, 10 miles north of Maidstone, 29 miles north-east of Royal Tunbridge Wells
Roads
A2, M2 (Junction 2 and 3)
Rail
Chatham Railway Station
Air
London Gatwick Airport, London City Airport
Situation
The property is situated on the north side of High Street, Chatham’s prime pedestrianised retail thoroughfare. The property is situated close to the Pentagon Shopping Centre and opposite Debenhams Department Store with other nearby occupiers including Santander Bank, Lloyds TSB, Burger King, Specsavers, and McDonald’s.
Tenure
Freehold.
Description
The property comprises ground floor banking hall accommodation with a two room flat on the first floor and a four room maisonette on the second and third floors. The residential accommodation is accessed via the rear of the property from Solomons Road.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor banking hall accommodation with a two room flat on the first floor and a four room maisonette on the second and third floors. The residential accommodation is accessed via the rear of the property from Solomons Road.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground
First Second and Third
Retail Ancillary Residential Residential
132.83 sq m
(1,430 sq ft)
HSBC BANKPLC (1) (2)
25 years from 29/09/1988 and a reversionary lease for 7 years from 30/09/2013 until 2020
£70,000 (3)
38.37 sq m
(413 sq ft)
2 Room Flat 4 Room Maisonette
Totals
171.20 sq m
(1,843 sq ft)
£70,000
(1) For the year ending 31st December 2010, HSBC Bank plc reported a pre-tax profit of £3,111,000,000 and a total net worth of £20,095,000,000 (Source: www.riskdisk.com 02/04/2012). (2) The tenant has declined the right of pre-emption. (3) The rental income from the reversionary lease will be £63,000 p.a.x.