20-21 St. Margarets Street, Canterbury, Kent, CT1 2TH
£280.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
5,000-10,000 sq ft
465-929 sq m
- SECTOR
Leisure facility for sale
Key features
- FOR SALE BY AUCTION 18TH SEPTEMBER 2025
- Entirely let to Loungers UK Ltd on a new 15 year lease (no breaks)
- Circa 758.30 sq m (8,161 sq ft)
- Tenant recently completed extensive refurbishment
- Historic and affluent City
- Nearby occupiers include The Ivy, Hotel Chocolat, Pret A Manger, M&S, Costa, Wagamama, Starbucks and Superdry
- VAT free investment
- Rental income £120,000 per Annum Exclusive
Description
Canterbury is an historic Cathedral City, popular with tourists and home to the University of Kent, Canterbury Christchurch University and the University College for Creative Arts. The property is situated in an excellent retailing location on the south side of St Margaret's Street. Nearby occupiers include The Ivy, Hotel Chocolat, Pret A Manger, M&S, Costa, Wagamama, Starbucks and Superdry.
Tenure
Freehold.
Description
The property comprises a substantial cafe/bar arranged over the ground, basement, first and second floors. The tenant spent circa £1.9m on a full refurbishment prior to opening in August 2022.
VAT
VAT is not applicable to this lot.
EPC
B33
For further information, to register your interest in this property and download the legal pack, please visit the Acuitus website.
Brochures
20-21 St. Margarets Street, Canterbury, Kent, CT1 2TH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Canterbury East Station0.3 miles
- Canterbury West Station0.4 miles
- Sturry Station2.4 miles
Notes
Disclaimer - Property reference A13178Canterbury. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Acuitus Limited, Acuitus. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Acuitus Limited, Acuitus on 020 7870 2773.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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