Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
11 miles north-east of Maidstone, 15 miles south-west of Canterbury, 51 miles south-east of London
Roads
A249, A2, M2 (Junction 5)
Rail
Sittingbourne
Air
London City Airport
Situation
The property forms part of Bell Shopping Centre and is situated on the southern side of the High Street in Sittingbourne town centre. Nearby occupiers Swale Borough Council, New Century Cinema, Mecca Bingo and Iceland.
Tenure
Virtual Freehold. Virtual Freehold. Held from Bessfame Limited for a term of 999 years from 15/06/1999 at a peppercorn rent.
Location
Miles
11 miles north-east of Maidstone, 15 miles south-west of Canterbury, 51 miles south-east of London
Roads
A249, A2, M2 (Junction 5)
Rail
Sittingbourne
Air
London City Airport
Situation
The property forms part of Bell Shopping Centre and is situated on the southern side of the High Street in Sittingbourne town centre. Nearby occupiers Swale Borough Council, New Century Cinema, Mecca Bingo and Iceland.
Tenure
Virtual Freehold. Virtual Freehold. Held from Bessfame Limited for a term of 999 years from 15/06/1999 at a peppercorn rent.
Description
The property comprises a ground floor public house with self-contained accommodation on the first and second floors, currently used as a snooker club.
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 ground floor public house with self-contained accommodation on the first and second floors, currently used as a snooker club.
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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/(Reversion)
1
Ground
Public House
556.30 sq m
(5,988 sq ft)
J D WETHERSPOON (1) (t/a The Summoner Public House)
40 years from 29/06/1998 until 28/06/2038
£61,000
29/06/2018 and five yearly
2/3
First/ Second
Leisure
Not measured
INDIVIDUALS (t/a Sittingbourne Snooker Club)
99 years from 04/08/2000
Peppercorn
(03/08/2099)
Totals
556.30 sq m
(5,988 sq ft)
£61,000
(1) For the year ending 27 July 2014, J D Weatherspoon reported a turnover of £1,409,333,000, pre-tax profits of £78,365,000 and a total net worth of £200,330,000. (Source: Experian 24/09/2015) (2)The lease provides an option to determine on 29th June 2018.
