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£20,000

Unit 1 Valence House, Sutton Road, Maidstone, Kent, ME15 9AN

Full description

To Let- Retail Unit in Prominent Neighbourhood Parade

  • Assignment of existing lease
  • Currently Costa Coffee
  • Busy neighbourhood parade
  • Prominent location
  • Passing rent £20,000 pa

  • Location: Situated in a parade of shops on the busy Sutton Road (A274) about 2 miles south of Maidstone Town Centre in a densely populated residential area.
  • Accommodation: The shop is situated on a busy neighbourhood parade, other operators include Papa John's, KFC and Coral's. There is car parking to the front and rear service yard for deliveries etc. Frontage 9.1m = 29'11'' Depth 9.9m = 32'6'' GF Retail Area: 67.47 sq m = 715 sq ft Basement: 45.90 sq m = 494 sq ft Total: 112.32 sq m = 1,209 sq ft
  • Terms: To take assignment of the existing lease on terms as below: 10 Year lease from 30th October 2017 5 Year Tenant Only Break Clause 5 Year Upwards Only Rent Review Please contact us for further details.
  • Rent: Passing Rent: £20,000 per annum Agreed Rent Increase October 2020: £22,000 per annum
  • Viewing: Strictly by prior appointment through the Surveyors. Please contact Phil Hubbard e: phil.hubbard@sibleypares.co.uk or Matt Sadler e: matt.sadler@sibleypares.co.uk
  • Legal Costs: Each side to bear their own legal and professional costs
  • Rateable value / Council Tax: RV £14,750 @ 48.0p in the £ Rates payable £7,080 for the year 2018/19
  • VAT: VAT will be charged at the prevailing rate
  • EPC: Rating C (59)
  • Price: Electricity, mains water, mains drains, air conditioning, customer parking to the front, rear service yard for deliveries

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