Assignment of existing lease - A3 Unit
( Agency Pilot Software Ref: 201465 )
Location
The property is located on the prime retail pitch of King Street, Maidstone (The County Town of Kent) next door to Metro Bank. The property is also opposite an entrance to the Mall. Neighbouring properties include HSBC, Lush, Pizza Hut, Greggs, Your Move, Mann & Co, Starbucks, Café Nero, Costa amongst others.
Accommodation
The property comprises ground floor retail area, kitchen and upstairs seating and WC.
Ground Floor Gross Frontage: 5.09 m (16 ft 8”)
Depth: 8.49 m (27 ft 10”)
Retail Area: 730 sq ft (67.82 sq m)
First Floor Additional Seating: 503 sq ft (46.69 sq m)
Terms
Terms To take an assignment of existing lease on the following terms:
Passing rent: £XXX pa Rent increases to £XXX pa from July 2019 until rent review in July 2021.
Lease expires July 2026 (8 years remaining). Further details available upon request. Rateable Value RV £XXX @ XXX in the £XXX
Rates payable £XXX for the year 2018/19
Services Mains Water, Electricity, Air Conditioning Viewing/Enquiries Strictly by prior appointment through the Surveyors.
VAT We understand from our client that the property is not elected for VAT
Specification
- Prime Location
- Assignment of existing lease
- Passing rent: £XXX pa
- A3/A5 Permission