20-21 St Margaret's Street Canterbury Kent CT1 2TH

20-21 St Margaret's Street
Canterbury
Kent
CT1 2TH

Freehold Long Let Leisure Investment

Entirely let to Loungers UK Ltd on a new 15 year lease (no breaks)
Circa 758.30 sq m (8,161 sq ft)
Tenant recently completed extensive refurbishment
Historic and affluent City
Nearby occupiers include The Ivy, Hotel Chocolat, Pret A Manger, M&S, Costa, Wagamama, Starbucks and Superdry
VAT free investment

Lot
7
Auction
18th September 2025
Rent
£120,000 per Annum Exclusive
Status
Available
Guide*
£1,400,000 - £1,500,000
Auction Venue
Live Streamed Auction

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Freehold Long Let Leisure Investment

Entirely let to Loungers UK Ltd on a new 15 year lease (no breaks)
Circa 758.30 sq m (8,161 sq ft)
Tenant recently completed extensive refurbishment
Historic and affluent City
Nearby occupiers include The Ivy, Hotel Chocolat, Pret A Manger, M&S, Costa, Wagamama, Starbucks and Superdry
VAT free investment

Lot 7
Auction 18th September 2025
Rent £120,000 per Annum Exclusive
Status Available
Guide* £1,400,000 - £1,500,000
Sector
Retail, Leisure
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 24 miles east of Maidstone, 53 miles south east of Central London
Roads: A2, A257, A2050
Rail: Canterbury East, Canterbury West
Air: London Gatwick Airport

Situation

Canterbury is an historic Cathedral City, popular with tourists and home to the University of Kent, Canterbury Christchurch University and the University College for Creative Arts. The property is situated in an excellent retailing location on the south side of St Margaret's Street. Nearby occupiers include The Ivy, Hotel Chocolat, Pret A Manger, M&S, Costa, Wagamama, Starbucks and Superdry.

Tenure

Freehold.

Location

Miles: 24 miles east of Maidstone, 53 miles south east of Central London
Roads: A2, A257, A2050
Rail: Canterbury East, Canterbury West
Air: London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial cafe/bar arranged over the ground, basement, first and second floors. The tenant spent circa £1.9m on a full refurbishment prior to opening in August 2022.

VAT

VAT is not applicable to this lot.

EPC

B33

Description

The property comprises a substantial cafe/bar arranged over the ground, basement, first and second floors. The tenant spent circa £1.9m on a full refurbishment prior to opening in August 2022.

VAT

VAT is not applicable to this lot.

EPC

B33

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Reviews
Ground Basement First Second	Cafe/Bar Ancillary Cafe/Bar Cafe/Bar/Ancillary	247.32 117.30 247.60 146.08	(2,662) (1,262) (2,665) (1,572)	LOUNGERS UK LIMITED t/a Cosy Club (2)	15 years from completion	£120,000	5 yearly
Total		758.30	(8,161)			£120,000

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(2) Loungers is a substantial and growing operator in the UK hospitality sector. As of March 2025, Loungers operates 291 sites in England and Wales across three distinct but complementary brands, Lounge, Cosy Club and Brightside (www.loungers.co.uk). For the year ending 21/04/2024, Loungers UK Limited reported a turnover of £353,486,000, a pre-tax profit of £14,917,000 and a shareholders funds of £90,367,000 (NorthRow 14/07/2025).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.