Multi-floor retail unit on bustling parade let to Phone Gadgets 4U retailer at £45,000 p.a.

Multi-floor retail unit on bustling parade let to Phone Gadgets 4U retailer at £45,000 p.a.
£595,000FreeholdMaidstone ME14 1QS
14th January 2019

Description

Key Information
– Freehold Shop Investment
– Entirely let to Phone Gadgets 4U Limited until 2026
– Pedestrianised town centre position adjacent to Specsavers and Card Factory and opposite Marks & Spencer
– Close to Maidstone East Rail Station
– Rent Review 2021
– Current Rent Reserved

Tenancy
The entire property is at present let to PHONE GADGETS 4U LIMITED (t/a Cell Fix) for a term of 10 years from 28th September 2016 at a current rent of £45,000 per annum. The lease provides for a rent review and a tenant option to break in the fifth year of the term and contains full repairing and insuring covenants.

The current passing rent is £45,000 per annum.

The property provides the following accommodation and dimensions:
Gross Frontage 3.85 m (12′ 6″)
Net Frontage 3.25 m (10′ 7″)
Shop Depth 11.40 m (37′ 4″)
Built Depth 22.40 m (73′ 5″)
Basement 43.00 sq m (463 sq ft)
Ground Floor 43.95 sq m (473 sq ft)
First Floor 28.00 sq m (301 sq ft)
Second Floor 36.00 sq m (387 sq ft)
Total 150.10 sq m (1625 sq ft)

Location
Maidstone, the county town of Kent, is located about 40 miles southwest of Central London. The town enjoys excellent communications, being within 2 miles of Junctions 6 and 7 of the M20 Motorway, which links to the M25, as well as having regular rail services to London. The property is located on the west side of the pedestrianised High Street, towards its junction with Earl Street. The property is some 380 metres from Maidstone East Rail Station and has easy access to the A229.

Occupiers close by include Card Factory and Specsavers (both adjacent), Marks & Spencer (opposite), Clarks Shoes, WH Smith, Poundland and Primark, amongst many others.

27 Week Street, Maidstone, Kent, ME14 1QS

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