21-27 Hythe Street Dartford Kent DA1

21-27 Hythe Street
Dartford
Kent
DA1

Freehold Geared Ground Rent Investment

  • Entirely let to The Post Office until 2063
  • Important 2012 Rent Review outstanding
  • Neighbouring occupiers include Lloyds TSB, Nationwide and The Co-Operative Bank
  • Geared Rent Reviews
  • Eight Week Completion Available
  • Lot
    41
  • Auction
    6th December 2012
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Ground Rent
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Geared Ground Rent Investment

  • Entirely let to The Post Office until 2063
  • Important 2012 Rent Review outstanding
  • Neighbouring occupiers include Lloyds TSB, Nationwide and The Co-Operative Bank
  • Geared Rent Reviews
  • Eight Week Completion Available
  • Lot 41
  • Auction 6th December 2012
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Ground Rent
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
10 miles east of Greenwich 16 miles east of Central London
Roads
A2, A226, A2000, M2, M20, M25 (Junction 1A)
Rail
Dartford (London Charing Cross and Cannon Street approx 44 mins)
Air
London City Airport
Situation

Dartford is located at Junction 1 of the M25 Motorway just south of the iconic Queen Elizabeth Bridge and Dartford Tunnel. The property is situated in the town centre on Hythe Street, between The Orchard Centre and The Priory Centre and opposite Copperfields Shopping Centre. Nearby occupiers include Nationwide and The Co-Operative Bank.

Tenure

Freehold.

Location
Miles
10 miles east of Greenwich 16 miles east of Central London
Roads
A2, A226, A2000, M2, M20, M25 (Junction 1A)
Rail
Dartford (London Charing Cross and Cannon Street approx 44 mins)
Air
London City Airport
Situation

Dartford is located at Junction 1 of the M25 Motorway just south of the iconic Queen Elizabeth Bridge and Dartford Tunnel. The property is situated in the town centre on Hythe Street, between The Orchard Centre and The Priory Centre and opposite Copperfields Shopping Centre. Nearby occupiers include Nationwide and The Co-Operative Bank.

Tenure

Freehold.

Description

The property comprises a rectangular site forming part of a larger site upon which the tenants have constructed a substantial post office building on ground floor and two upper floors.

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 a rectangular site forming part of a larger site upon which the tenants have constructed a substantial post office building on ground floor and two upper floors.

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 Reviews
Ground
First
Second
Retail
Offices
Offices/Ancillary
215.80 sq m
152.72 sq m
195.46 sq m
(2,323 sq ft)
(1,644 sq ft)
(2,104 sq ft)
HM POST MASTER
GENERAL (1)
99 years from 26/12/1963
until 25/12/2062 on a fully
repairing and insuring lease
£50,000
25/12/2012 (2) & 14 yearly
Totals  
563.98 sq m
(6,071 sq ft)
    £50,000

(1) HM Post Master General is now vested by stature in the Post Office Limited where the Royal Mail Holdings plc is the ultimate holding company and all shares and controlling interests are owned by The Crown.
(2)The lease provides for the rent to be reviewed to 86.42% of the rack rental value of the building. (3) As to the 2012 Rent Review, the seller has served a Rent Review Notice proposing a new rent of £104,000 per annum exclusive.

Property Documents

  • Catalogue Page
    Updated Date
    14.11.12
    File Size
    480 KB
    View PDF
  • Site Plan
    Updated Date
    14.11.12
    File Size
    64 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
Harold Benjamin Solicitors Hill House, 67-71 Lowlands Road
Harrow
Middlesex
HA1 3EQ
020 8864 7530
Varsha Sood 020 8872 3028varsha.sood@haroldbenjamin.com

Useful Links

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

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