Property Details

The Property Comprises A Two Storey Period Building Of Brick And Hung Tile Elevations Under A Pitched Tiled Roof, Arranged As Follows: 36 High Street. Having A Dedicated Entrance Of The High Street, It Comprises A Mix Of Open Plan And Cellular Offices Over First And Second Floor Levels Which Incorporate Both Male And Female Toilets As Well As Additional Stores And A Staff Kitchen. It Is Finished To A Modern Specification Having A Gas Combi Boiler Providing Central Heating Via Panel Radiators, A Suspended Ceiling Incorporating Modern Led Light Boxes And A Mix Of Carpet Tile And Laminate Flooring. 38 High Street. Arranged On Ground Floor Level, The Property Provides An Open Retailing Area To The Front With Office, Staff Areas To The Rear Which Incorporate A Kitchen And Toilet. It Is Finished To A Modern Specification Having A Suspended Ceiling With Integrated Led Light Boxes, Air Conditioning And A Mix Of Carpet Tile And Laminate Flooring. Car Parking Externally, The Property Has 4 Car Parking Spaces Within The Rear Car Park, Accessed From Park Street, Which Are Allocated Amongst The Existing Tenants. A Car Park Plan Can Be Made Available Upon Request. Please Ask The Agents For Further Information. Terms We Are Selling The Freehold Interest In The Property Subject To The Occupational Tenancies In Place. Price Our Client Is Seeking Offers From £550,000, Reflecting A Gross Yield Of 8.18%. Tenancies 36 High Street Is Let On An Effective Full Repairing & Insuring Lease To Sagittarius Marketing (kent) Limited For A Term Of 8 Years From August 2021 (expiring 31 July 2029) At A Rent Of £22,500 Per Annum (exc). The Lease Is Subject To A Tenant Only Break Option In July 2025 And An Upwards Only Rent Review At August 2025. The Permitted Use Of The Premises Is As Offices. 38 High Street Is Let On An Effective Full Repairing & Insuring Lease To Nepal Jewellers Uk Limited For A Term Of 15 Years From December 2022 (expiring 15 December 2037) At A Rent Of £22,500 Per Annum (exc). The Lease Is Subject To Tenant Only Break Options And Upwards Only Rent Reviews At December 2027 And 2032. The Permitted Use Of The Property Is Within Class E (commercial, Business And Service). Further Information Copies Of The Leases And Other Pertinent Information Can Be Made Available Upon Request. Please See The Property Particulars For Further Information.