Let to Amplifon Limited until 2025 (no tenant break)
Tenant in occupation since 2005 having refitted unit in 2015
Nearby occupiers include Primark, Marks & Spencer, WHSmith and Superdrug
Prominent pedestrianised location in Maidstone town centre opposite Fremlin Walk Shopping Centre
Lot 19
Auction 23rd May 2019
Rent £25,000 per Annum Exclusive
Status Sold
Price £310,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
On behalf of Trustees
Property Information
Location
Miles
17 miles north-east of Tunbridge Wells
37 miles south-east of Central London
Roads
A20, A229, A249, M20 (Junction 6)
Rail
Maidstone East Railway Station
Maidstone West Railway Station
Air
London Gatwick Airport, London City Airport
Situation
Maidstone is the county town and administrative centre of Kent located 35 miles east of London. The property is situated on the southern side of the pedestrianised Earl Street, between its junctions with Week Street and Rose Yard, in the heart of Maidstone town centre. Nearby occupiers include Primark, Marks & Spencer, WHSmith and Superdrug. Fremlin Walk Shopping Centre is located opposite the property with the Fremlin Walk Car Park (providing 760 spaces) within 100 yards.
Tenure
Freehold.
Location
Miles
17 miles north-east of Tunbridge Wells
37 miles south-east of Central London
Roads
A20, A229, A249, M20 (Junction 6)
Rail
Maidstone East Railway Station
Maidstone West Railway Station
Air
London Gatwick Airport, London City Airport
Situation
Maidstone is the county town and administrative centre of Kent located 35 miles east of London. The property is situated on the southern side of the pedestrianised Earl Street, between its junctions with Week Street and Rose Yard, in the heart of Maidstone town centre. Nearby occupiers include Primark, Marks & Spencer, WHSmith and Superdrug. Fremlin Walk Shopping Centre is located opposite the property with the Fremlin Walk Car Park (providing 760 spaces) within 100 yards.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
EPC
See legal pack at acuitus.co.uk.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
EPC
See legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First
Retail/Ancillary Ancillary
44.70 sq m 23.30 sq m
(481 sq ft) (251 sq ft)
AMPLIFON LIMITED (1)
10 years from 11/11/2015 until 10/11/2025 (2) on a full repairing and insuring lease
£25,000
11/11/2020
Total
68.00 sq m
(732 sq ft)
£25,000
(1) Founded in 1950, Amplifon is the global leader in hearing care retail with a presence in 29 countries across the globe, around 11,000 points of sale and a workforce of around 16,000 people (Source: www.amplifon.com 18/04/2019). (2) The lease provides for a landlord only option to determine on 29th September 2023, subject to four months' notice.
