Freehold Retail Arcade Investment
Freehold Retail Arcade Investment
Tenterden is an attractive market town located on the A28 between Ashford and Hastings. The property is situated in the town centre on the eastern side of Sayers Lane, adjacent to Waitrose Supermarket. Other nearby occupiers include Laura Ashley, British Red Cross and Costa Coffee.
Freehold.
Tenterden is an attractive market town located on the A28 between Ashford and Hastings. The property is situated in the town centre on the eastern side of Sayers Lane, adjacent to Waitrose Supermarket. Other nearby occupiers include Laura Ashley, British Red Cross and Costa Coffee.
Freehold.
Sayers Square is a partly covered shopping arcade comprising five retail units and four office suites above.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
Sayers Square is a partly covered shopping arcade comprising five retail units and four office suites above.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|---|
| 7 | Ground | Retail | 56.76 sq m | (611 sq ft) | BLUE BELL COFFEE COMPANY LIMITED t/a Bluebell Coffee House |
10 years from 28/10/2015 (1) |
£23,000 | 28/10/2020 (27/10/2025) |
| 9 | Ground | Retail | 61.69 sq m | (664 sq ft) | KJL & CO SERVICES LIMITED t/a Kid Ella |
6 years from 23/09/2015 (2) |
£13,000 | 23/09/2018 (22/09/2021) |
| 11 | Ground | Retail | 28.24 sq m | (304 sq ft) | INDIVIDUALS t/a Figis | 2 years from 26/03/2015 |
£9,000 | (25/03/2017) |
| 13 | Ground | Retail | 46.92 sq m | (505 sq ft) | INDIVIDUAL t/a Mia Home |
15 years from 25/07/2002 |
£11,750 | (24/07/2017) |
| 15-17 | Ground | Retail | 85.56 sq m | (921 sq ft) | INDIVIDUAL t/a Woodcocks Home & Gifts |
15 years from 10/05/2005 |
£31,800 | 10/05/2018 (09/05/2020) |
| 19 | First | Office | 79.34 sq m | (854 sq ft) | VACANT POSSESSION | |||
| 21 | First | Office | 67.26 sq m | (724 sq ft) | VITANIUM SYSTEMS LIMITED |
6 years from 09/04/2014 (3) |
£8,125 | (08/04/2020) |
| 23 | First | Office | 34.84 sq m | (375 sq ft) | VACANT POSSESSION | - | - | - |
| 25 | First | Office | 121.89 sq m | (1,312 s q ft) |
VACANT POSSESSION | - | - | - |
| Total | 582.50 sq m | (6,270 sq ft) | £96,675 | |||||
(1) For the purpose of clarification the current rent is £20,000 per annum rising by £1,000 per annum annually to £23,000 per annum. The Seller has agreed to adjust the completion monies so that the unit effectively produces £23,000 per annum from completion of the sale.
(2) The lease provides a tenant option to determine on 23/09/2018.
(3) The lease provides a tenant option to determine on 09/04/2017.
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