Ann Summers 50/50A Week Street Maidstone Kent ME14 1RR

Ann Summers
50/50A Week Street
Maidstone
Kent
ME14 1RR

Prime Freehold Retail Investment

Let to Ann Summers Ltd
Tenant been in occupation since 2003
Directly opposite of the popular Fremlin Walk Shopping Centre with 45 Retailers including Barclays, Superdry, Pandora and Fatface
Prime Position on Maidstone’s Principal Retail Thoroughfare
Asset Management Potential
Residential Conversion Potential of Upper Floors with Potential for Additional Floor (subject to consents)
Neighbouring occupiers include Primark, TG Jones, Superdrug, Clarks and JD Sports

Auction
26th March 2026
Rent
£59,428 per Annum Exclusive
(3)
Status
Available
Guide*
£475,000
Auction Venue
Live Streamed Auction

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Prime Freehold Retail Investment

Let to Ann Summers Ltd
Tenant been in occupation since 2003
Directly opposite of the popular Fremlin Walk Shopping Centre with 45 Retailers including Barclays, Superdry, Pandora and Fatface
Prime Position on Maidstone’s Principal Retail Thoroughfare
Asset Management Potential
Residential Conversion Potential of Upper Floors with Potential for Additional Floor (subject to consents)
Neighbouring occupiers include Primark, TG Jones, Superdrug, Clarks and JD Sports

Auction 26th March 2026
Rent £59,428 per Annum Exclusive (3)
Status Available
Guide* £475,000
Sector
Retail, High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 32 miles southeast of Central London, 20 miles northwest of Ashford, 28 miles west of Canterbury, 15 miles south of Gravesend
Roads: M20 (Junctions 6 & 7), A229, A20
Rail: Maidstone East Railway Station (direct services to London Victoria), Maidstone West Railway Station
Air: London Gatwick Airport, London Southend, London City Airport

Situation

The property prominently situated in a Prime Retail position on the east side of pedestrianised Week Street, Maidstone’s principal retail thoroughfare, opposite the main entrance to the popular 45 unit Fremlin Walk Shopping Centre. Nearby occupiers include Primark, TG Jones, Superdrug, Clarks and JD Sports.

Tenure

Freehold.

Location

Miles: 32 miles southeast of Central London, 20 miles northwest of Ashford, 28 miles west of Canterbury, 15 miles south of Gravesend
Roads: M20 (Junctions 6 & 7), A229, A20
Rail: Maidstone East Railway Station (direct services to London Victoria), Maidstone West Railway Station
Air: London Gatwick Airport, London Southend, London City Airport

Situation

Tenure

Freehold.

Description

The property comprises Retail and Ancillary Accommodation with a ground floor and ancillary accommodation on the first floor level. The Tenant does not currently use the first floor and there is no internal access between the ground and first floors.

The property may benefit from medium term residential conversion of the first floor with the potential add on additional floors, subject to consents.

VAT

VAT is applicable to this lot.

EPC

Band B

Description

VAT

VAT is applicable to this lot.

EPC

Band B

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x	Rent Review (Reversion)
Ground First	Retail Not in use	179.00 (1) 45.00	(1,927) (484)	ANN SUMMERS LTD (CRN: 01034349) (2)	5 years from 04/11/2021	£59,428	04/03/2023 (27/11/2026)
Total Approximate Floor Area		224.00	(2,411)			£59,428 (3)

(1) The Ground floor area stated above are those published by the Valuation Office Agency (www.voa.gov.uk). The First floor area has been estimated.
(2) Ann Summers Limited (CRN:01034349) were incorporated in December 1971 and operate through a network of 70 stores across the UK alongside an established online platform (Source: https://www.annsummers.com/about-us.html). For the year ending 28/06/2025, Ann Summers Limited (CRN: 01034349) reported a Turnover of £93,411,339, Gross Profits of £58,502,922 and Total Assets less Current Liabilities of £11,180,259 (Source: Annual Report as Published on Companies House: 17/02/2026).
(3) The Rent Reserved under the terms of the lease is a Base Rent of £48,969.54 pax plus a Turnover Rent of 12% of Net Sales per calendar month, for the financial year 2022-2023, the Total Rent received was £63,459.11 pax, for 2023-2024, the Total Rent received was £57,716.24 pax and for 2024-2025 the Total Rent received was £57,109.74 pax. The Rent stated in the bullet point and table above is the average Annual Rent received from April 2022 to March 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.