6 Week completion
Occupying a prominent trading position close to the junction with Ashford Road within the principal retailing area of the town and being amongst a variety of local restaurants, retailers and multiple traders including Costa, Lloyds Bank, Co-op Funeral Care, Lloyds Pharmacy, Spar, Post Office and The British Red Cross.
New Romney is an attractive town being one of the Cinque Ports lying off the main A259, approx. 18 miles north-west of Hastings and 13 miles south-west of Folkestone.
Forming part of a mid-terraced building comprising a Ground Floor Fish & Chip Take-Away.
In addition the property benefits from a rear car park for unloading and parking for 2 vehicles.
Ground Floor Take-Away
Gross Frontage 22'9"
Internal Width 20'4"
Take-Away Depth 15'0"
Built Depth 34'1"
VAT is NOT applicable to this Lot
Leasehold for a term of 999 years from completion at a peppercorn ground rent.
The property is let on a full repairing and insuring lease to S. Gibbons (with 1 surety) trading as Fish & Peri for a term of 10 years from 23rd January 2015 at a current rent of £13,000 per annum exclusive.
Rent Reviews 2018, 2021 & 2024.
Note: The Landlord has agreed the surrender of the existing lease and a simultaneous grant of a new lease to another Fish and Chip operator called Eljays Ltd (with guarantor) for a term of 10 years at £13,000 p.a. with reviews on 23rd January 2018, 2021 & 2024.