IN SAME OWNERSHIP FOR over 20 YEARS
6 Week completion
Occupying an excellent trading position in the main pedestrianised centre of the town, adjacent to Ryman and Shoe Zone, opposite Peacocks and Greggs and close to branches of Primark, Boots, Santander, NatWest, HSBC, Holland & Barrett and many more.
Dartford is a popular Kent town some 16 miles south-east of Central London with excellent road access being approx 1 ½ miles from the M25 Motorway (Junction 1b).
A mid terraced building comprising a Deep Ground Floor Shop with internal and separate front access to Staff/Store Area on the first floor. In addition, the property includes a goods lift and benefits from use of a rear service road for loading.
VAT is applicable to this Lot
Ground Floor Shop
Gross Frontage 29'0"
Internal Width 22'6"
widening at rear to 31'4"
Shop Depth 78'3"
Built Depth 104'5"
Sales Area Approx. 2,095 sq ft
Store Area Approx. 215 sq ft
Staff Room & Kitchen Area Approx. 310 sq ft
Store Area Approx. 1,665 sq ft
Total Area Approx. 4,285 sq ft
The entire property is let on a full repairing and insuring lease to WH Smith Retail Holdings Limited (having over 1,400 branches) (T/O for Y/E 31/08/17 £181.03m, Pre-Tax Profit £67.2m and Shareholders' Funds £450.7m) for a term of 5 years from 25th March 2016 (renewal of a previous lease) at a current rent of £45,000 per annum exclusive.
Note: The tenant also trades from the adjoining unit (No. 19) which interconnects at ground and first floor level.