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£65,000

High Street, Maidstone, Kent, ME14 1SR

Full description

REFURBISHED NIGHTCLUB LEASE FOR SALE

  • D2 (Assembly & Leisure) Use
  • 8,675 sq ft (805.91 sq m)
  • Passing Rent: £65,000 pax
  • Fully Fitted and Refurbished
  • Late Opening, Alcohol and Dance Licence
  • Premium Required

  • Location: Situated in a prominent position on the High Street between Fairmeadow (A229) and Mill Street, centrally located in Maidstone town centre restaurant and bar/club circuit. Neighbouring occupiers include Argos, PDSA, Optimax, Seekers, Games Workshops, Mann Countrywide, Allianz Insurance, Buenos Aires Nights Steakhouse, Gem of Kent Turkish Restaurant and Bar 6. Maidstone West mainline railway station is approximately 0.25 miles away, providing services into London St Pancras, Tonbridge, Gravesend, Paddock Wood and Strood.
  • Accommodation: Description Recently fully refurbished bar/nightclub in busy High Street location, benefitting from new electrics and plumbing, new lighting and fittings, fire and burglar alarm, cctb, sound system and DJ stand, soundproofing, various fridges, seating booths, bar counters, loading bay and 3 car parking spaces (for staff). The premises has a late licence until 03:00 everyday and is currently in the process of extending the closing time to 06:00 on Fridays and Saturdays, with a capacity of up to 900 people. Accommodation Ground Floor 8,440 sq ft (784.08 sq m) Mezzanine 235 sq ft (21.83 sq m) Total 8,675 sq ft (805.91 sq m)
  • Terms: Assignment of a 10 year Full Repairing and Insuring (renewable) lease from March 2017, at a passing rent of £65,000 per annum exclusive, with an agreed rent increase to £100,000 per annum exclusive in years 4 and 5, until the Rent Review at the end of the 5th year of the term. A premium amount is required for this valuable lease, which includes recently installed fixtures and fittings.
  • Rent: Passing Rent £65,000 per annum - please see terms of assignment Premium Offers invited for the goodwill, fixtures and fittings - further details available upon request.
  • Viewing: Strictly by prior appointment through the Surveyors. Please contact Phil Hubbard e: phubbard@sibleypares.co.uk or Matt Sadler e: msadler@sibleypares.co.uk
  • Legal Costs: Each side to bear its own legal and professional costs
  • Rateable value / Council Tax: RV £144,000 @ 47.9p in the £ Rates payable £68,976 for the year 2017/18
  • VAT: All All figures are exclusive of VAT which will be charged at the prevailing rate.
  • EPC: Rating E (121)
  • Price: Gas, electricity, air conditioning

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