Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Morrisons
Property Information
Location
Miles
16 miles north-east of Maidstone, 25 miles north-west of Canterbury, 50 miles east of Central London
Roads
A249, A250, M2 (Junction 5), M20 (Junction 7)
Rail
Queenborough Railway Station
Air
Gatwick Airport, Heathrow Airport
Situation
The property is situated in a prominent position on the newly developed Neats Court Retail Park on the northern side of Thomsett Way adjacent to the A249 trunk road. The A249 is the main road through the Isle of Sheppey linking it with London via the M2 (Jct 5) and M20 (Jct 7). Nearby occupiers include Morrisons, Iceland and Poundland.
Tenure
Long Leasehold. Held for a term of 125 years from completion at a peppercorn rent.
Location
Miles
16 miles north-east of Maidstone, 25 miles north-west of Canterbury, 50 miles east of Central London
Roads
A249, A250, M2 (Junction 5), M20 (Junction 7)
Rail
Queenborough Railway Station
Air
Gatwick Airport, Heathrow Airport
Situation
The property is situated in a prominent position on the newly developed Neats Court Retail Park on the northern side of Thomsett Way adjacent to the A249 trunk road. The A249 is the main road through the Isle of Sheppey linking it with London via the M2 (Jct 5) and M20 (Jct 7). Nearby occupiers include Morrisons, Iceland and Poundland.
Tenure
Long Leasehold. Held for a term of 125 years from completion at a peppercorn rent.
Description
The property comprises a modern purpose built drive-thru restaurant with parking for approximately 35 cars. There is an electricity substation on site.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern purpose built drive-thru restaurant with parking for approximately 35 cars. There is an electricity substation on site.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is 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
Restaurant/Ancillary
246.46 sq m
(2,653 sq ft)
SCOTCO RESTAURANTS LIMITED (t/a KFC) (1)
20 years from 02/08/2013 until 01/08/2033 on a full repairing and insuring lease (2)
£66,750
02/08/2018 and five yearly
Totals
246.46 sq m
(2,653 sq ft)
£66,750
(1) For the year ending 1st December 2013, Scotco Restaurants Limited reported a turnover of £30,187,357, pre-tax profits of £2,365,116 and a total net worth of £6,212,365. (Source: www.riskdisk.com 21/04/2015) (2)The lease provides an option to determine on 2nd August 2028.
