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Retail Property (high street) for sale

High Street, Sittingbourne

Withdrawn from Market £1,350,000

Property Description

Full description

DESCRIPTION
LOCATION DESCRIPTION
Investment For Sale - Located in the heart of Sittingbourne's town centre shopping district is this substantial modern retailing unit.


PROPERTY DESCRIPTION
Ground Floor
Retail Area: 457.93 sq m (4,929 sq ft)

First Floor
Storage: 369.61 sq m (3,978 sq ft)
Office: 22.13 sq m (238 sq ft)
Staff WCs

The property benefits from a large car park with access from the rear.

CURRENT BUSINESS RATES
The Valuation Office website shows a current rateable value of £97,000 per annum which normally means that between 40% - 50% of this figure is payable. Interested parties are advised to seek clarification from the local authority.

CURRENT BUSINESS USE
The current class of business use is A1 retail. Interested parties are advised to make their own enquiries with the local authority.


FLOOR PLANS
Due to the investment property nature of the sale and the current occupation by a national retailer no floor plans have been prepared.


LEASE DETAILS
Grabal Alok (UK) Limited t/a Store Twenty One have a ten year lease from 2011 at a current rental income of £95,000 per annum with the next rent review being in 2016 (upwardly only OMV).


More information from this agent

Energy Performance Certificates (EPCs)

Energy Performance Certificate (EPC) graphs

Map & Street View

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