ST MICHAELS BUTCHERY ASHFORD ROAD, ST MICHAELS TENTERDEN, KENT TN30 6BD
RETAIL INVESTMENT OPPORTUNITY
20 year lease expiring 16 October 2021 Current concessionary rent £1,300 pa Rent review to market rent 16 October 2016 Full repairing and insuring lease
Price: Offers invited around £95,000 freehold
TAYLOR RILEY STAFFORD 30 North Street, Ashford, Kent TN24 8JR Tel: (01233 629281) Fax: (01233 665345) www.taylorrileystafford.co.uk These property particulars are believed to be a fair description of the property, but are provided as a guide only and are not intended to form part of a contract. All measurements and dimensions are approximate. Any reference to service installations or appliances is intended to be descriptive only and no tests have been carried out by us.
LOCATION The premises are situated in St Michaels which is a suburb of the Wealden town of Tenterden. This is a busy location with direct access off the A29 (Ashford road). Tenterden is a picturesque town on the tourist route with a strong retail centre which includes Monsoon, East, The White Stuff, Laura Ashley, Waitrose, WH Smith, Café Rouge, Fat Face and others together with the main station for the Kent and East Sussex steam railway. Tenterden has a population of about 7,000 and is situated in the heart of Kent between Ashford, Maidstone, Tunbridge Wells and Hastings. DESCRIPTION This is a detached single storey brick building beneath a pitched tiled roof with extension. It provides the following accommodation. ACCOMMODATION
Retail Kitchen Chiller Area Preparation room Store
Sq Ft 279 82 98 112 50 ___ 621
2
M 25.92 7.62 9.10 10.40 4.64 _____ 57.68 2
We have calculated the gross internal area to be 682 sq ft (6t3.49 m ). TENURE th The premises are held freehold subject to a lease for a term of 20 years expiring on the 16 October 2021 to Farm Butchers Limited. It is currently subject to a concessionary rent of £1,300 per annum exclusive, but is subject to an upward only rent th review to market rent on the 16 October 2016. The lease is held on full repairing and insuring terms. BUSINESS RATES The tenant is responsible for all outgoings including Business Rates. The current rateable value (2010 List) is £5,100. PRICE Offers are invited in the region of £95,000 for the freehold subject to the existing lease. We confirm that neither the price nor rent are subject to VAT. VIEWING Strictly by appointment through the Agents, Taylor Riley Stafford. Tel: 01233 629281