231 High Street Chatham Kent ME4 4BQ

231 High Street
Chatham
Kent
ME4 4BQ

Freehold Bank and Residential Investment

  • Subject to note (3) below
  • Entirely let to HSBC Bank plc until 2020
  • Prime pedestrianised retail position
  • Close to Pentagon Shopping Centre
  • 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
    £70,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Bank
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
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* More information on the term "guide" can be found here

Freehold Bank and Residential Investment

  • Subject to note (3) below
  • Entirely let to HSBC Bank plc until 2020
  • Prime pedestrianised retail position
  • Close to Pentagon Shopping Centre
  • 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  • Status Withdrawn Post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.

Property Documents

  • Site Plan
    Updated Date
    10.04.13
    File Size
    79 KB
    View PDF
  • Catalogue Page
    Updated Date
    10.04.13
    File Size
    168 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Mark SymondsMark Symonds +44 (0)20 7034 4858 mark.symonds@acuitus.co.uk
Seller's Solicitors
Greenwoods Solicitors LLP Monkstone House, City Road
Peterborough
PE1 1JE
Kelly Peck 01733 887 639kpeck@greenwoods.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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