2C New Rents Ashford Kent TN23 1JH

  • 2C New Rents<br>Ashford<br>Kent<br>TN23 1JH

2C New Rents
Ashford
Kent
TN23 1JH

Freehold Retail and Leisure Investment

  • Predominantly let to Nero Holdings Limited (t/a Caffè Nero)
  • Lease renewal from July 2017
  • Potential to convert first floor to residential (subject to existing lease and consents)
  • Close to County Square and Park Mall Shopping Centres
  • Pedestrianised corner location close to Marks & Spencer, Tesco Express, Costa, Wilko, Greggs and H&M
  • Lot
    28
  • Auction
    11th July 2018
  • Rent
    £47,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £630,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail and Leisure Investment

  • Predominantly let to Nero Holdings Limited (t/a Caffè Nero)
  • Lease renewal from July 2017
  • Potential to convert first floor to residential (subject to existing lease and consents)
  • Close to County Square and Park Mall Shopping Centres
  • Pedestrianised corner location close to Marks & Spencer, Tesco Express, Costa, Wilko, Greggs and H&M
  • Lot 28
  • Auction 11th July 2018
  • Rent £47,000 per Annum Exclusive
  • Status Sold
  • Price £630,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles south-west of Canterbury, 26 miles east of Tunbridge Wells
Roads
A20, A28, M20
Rail
Ashford International Railway Station
Air
London Gatwick Airport
Situation

The property is situated on the northern side of the pedestrianised New Rents, close to its junction with High Street and Castle Street, in the heart of Ashford town centre. County Square and Park Mall Shopping Centres are both nearby, with retailers including Marks & Spencer, Costa, Wilko, Greggs and H&M. Other nearby occupiers include Tesco Express and branches of Lloyds, Halifax and RBS banks. Park Mall Car Park is a short walk away, providing car parking for approximately 300 cars.

Tenure

Freehold.

Location
Miles
12 miles south-west of Canterbury, 26 miles east of Tunbridge Wells
Roads
A20, A28, M20
Rail
Ashford International Railway Station
Air
London Gatwick Airport
Situation

The property is situated on the northern side of the pedestrianised New Rents, close to its junction with High Street and Castle Street, in the heart of Ashford town centre. County Square and Park Mall Shopping Centres are both nearby, with retailers including Marks & Spencer, Costa, Wilko, Greggs and H&M. Other nearby occupiers include Tesco Express and branches of Lloyds, Halifax and RBS banks. Park Mall Car Park is a short walk away, providing car parking for approximately 300 cars.

Tenure

Freehold.

Description

The property comprises a ground floor shop with separately accessed leisure/office accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor shop with separately accessed leisure/office accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

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
Ground Retail/Ancillary
167.22 sq m
(1,800 sq ft)
 NERO HOLDINGS
LIMITED (1)
t/a Caffè Nero 		5 years from
14/07/2017 until
13/07/2022 		£34,500
First
 Leisure/Office
145.48 sq m
(1,566 sq ft)
 M. INGLIS & K. MILLAR
t/a Pressure Point Escape
Rooms (2) 		3 years from
24/03/2017 until
23/03/2020 		£12,500
rising to
£14,000 in
March 2019
Total
312.70 sq m
(3,366 sq ft)
    £47,000

(1) For the year ending 31st May 2017, Nero Holdings Limited reported a turnover of £264,897,000, pre-tax profits of £25,896,000 and a total net worth of £217,488,000 (Source: Experian Group 08/06/2018).
(2) Pressure Point Escape Rooms provide fictionally themed escape rooms to test problem solving abilities against the clock (Source: www.pressurepointescaperooms.co.uk 08/06/2018). The vendor holds a rent deposit £4,000.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Dentons UKMEA LLP One Fleet Place
London
EC4M 7WS
Alex Coulter 020 7634 8728alex.coulter@dentons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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