Hare & Hounds 45 Lower Boxley Road Maidstone Kent ME14 2UY
Hare & Hounds 45 Lower Boxley Road Maidstone Kent ME14 2UY
Freehold Public House Investment
Entirely let to Admiral Taverns (Relax) Ltd until 2022
Prominent corner position
Fixed rental uplifts
Nearby occupiers include Job Centre Plus, Royal Mail, Magnet and Hein Gericke
Close to County Hall and Maidstone East Rail Station
Rent increasing to £43,448.94 per annum exclusive in 2019
NB This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability###Six week completion available
Lot 48
Auction 9th December 2010
Rent £33,942 per Annum Exclusive
Status Sold
Price £225,000
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Entirely let to Admiral Taverns (Relax) Ltd until 2022
Prominent corner position
Fixed rental uplifts
Nearby occupiers include Job Centre Plus, Royal Mail, Magnet and Hein Gericke
Close to County Hall and Maidstone East Rail Station
Rent increasing to £43,448.94 per annum exclusive in 2019
NB This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability###Six week completion available
Lot 48
Auction 9th December 2010
Rent £33,942 per Annum Exclusive
Status Sold
Price £225,000
Sector Public House
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
1 mile north of Maidstone town centre, 10 miles south of Gillingham, 36 miles south east of London
Roads
A229, A249, M20 (Junction 6)
Rail
Maidstone East Railway Station
Air
London City Airport, London Gatwick
Situation
The property is located just to the north of Maidstone town centre on Lower Boxley Road, at its junction with Staceys Street close to Maidstone County Hall and Maidstone East Railway Station. Other nearby occupiers include Job Centre Plus, Royal Mail, Magnet and Hein Gericke.
Tenure
Freehold.
Location
1 mile north of Maidstone town centre, 10 miles south of Gillingham, 36 miles south east of London
Roads
A229, A249, M20 (Junction 6)
Rail
Maidstone East Railway Station
Air
London City Airport, London Gatwick
Situation
The property is located just to the north of Maidstone town centre on Lower Boxley Road, at its junction with Staceys Street close to Maidstone County Hall and Maidstone East Railway Station. Other nearby occupiers include Job Centre Plus, Royal Mail, Magnet and Hein Gericke.
Tenure
Freehold.
Description
The property comprises a BAR on the ground floor with a MANAGER'S FLAT on the first floor and BASEMENT ANCILLARY ACCOMMODATION. The property also benefits from a GARDEN to the rear of the property.
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 BAR on the ground floor with a MANAGER'S FLAT on the first floor and BASEMENT ANCILLARY ACCOMMODATION. The property also benefits from a GARDEN to the rear of the property.
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 Basement First
Retail Ancillary Residential
108 sq m 34 sq m 3 Rooms, Kitchen and Bathroom
(1,163 sq ft) (365 sq ft)
ADMIRAL TAVERNS (RELAX) LTD (1)(2)
Approximately 18 years from 13/08/2004 until 25/12/2022 on a full repairing and insuring lease
£33,942 (3)
13/08/2014 and 13/08/2019 (2)
Totals
142 sq m
(1,528 sq ft)
£33,942
(1) Since their conception in December 2003, Admiral Taverns has grown rapidly to an estate totalling over 2,000 public houses, which makes them the UK’s largest, independent tenanted and leased pub company. (Source: www.admiraltaverns.co.uk 27/10/2010)(2) Please note, the tenant is not currently in occupation.(3) Under the terms of the lease there will be fixed rental increases as follows: On 13th August 2014 to £38,402.53 p.a.x. and 13th August 2019 to £43,448.94 p.a.x.
