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Lot 39

IN SAME OWNERSHIP FOR 20 YEARS
6 Week completion

SITUATION

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).

PROPERTY

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.

ACCOMMODATION

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
First Floor
Staff Room & Kitchen Area Approx. 310 sq ft
Store Area Approx. 1,665 sq ft

Total Area Approx. 4,285 sq ft

VAT is applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to WH Smith Retail Holdings Limited (having 1,200 branches) (T/O for Y/E 31/08/15 £169.6m, Pre-Tax Profit £62.4m and Shareholders' Funds £472.2m - Holding Company WH Smith plc who for the Y/E 31/08/15 reported T/O £1.18bn, Pre-Tax Profit £498m & Shareholders' Funds £147m) for a term of 10 years from 25th March 2006 (holding over - see Note 1) at a current rent of £42,800 per annum exclusive.

Note 1: The lessees served a Section 26 Notice requesting a new 5 year Lease at £34,750 p.a. subject to a break at the end of the third year. The landlord has quoted £45,000 p.a. and negotiations are currently in hand.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

21 High Street, Dartford, Kent DA1 1DT