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Marketed by
69-77 Week Street 69-77 Week Street, Maidstone, ME14 1QU
Use Class
E(a)
Size
4,835 sq ft
Rent pa
£65,000
Market Sector
High Street Scheme
Description
Prominent Corner Premises - Lease For Sale
Located at the corner of Week Street and St Faith Street, the subject property occupies a prominent position adjacent to A-Plan Insurance and opposite Savers. Other notable occupiers in the immediate vicinity include McDonalds, CEX, Yorkshire Building Society and Tesco to name
but a few.
Location
Week Street is the town’s main pedestrianised shopping area, linking Maidstone East railway station and Kent County Council headquarters with the High Street, Fremlin Walk and the town’s main car parks. Fremlin Walk is anchored by House of Fraser and includes many occupiers of note including Zara, Pret and Superdry.
Key Information
Viewing
Please contact the agent to arrange a viewing.
Accommodation
4,835 Sq.Ft
The property is arranged over ground floor only.
Financial
Lease Type
Existing Lease
Lease Term
The property is available by way of an assignment of a lease expiring 8 October 2028, with a tenant only break and rent review effective 8 October 2023. The current rent passing is £90,256 per annum exclusive to the rent review date. The landlord is willing to offer attractive incentives, subject to contract and covenant status. Alternatively, the premises is available by way of a new sublease expiring 7 October 2023 (less a few days) at a rent of £65,000 per annum exclusive. The sublease would be granted outside the security provisions of the Landlord & Tenant Act 1954.
Rent
Subject to contract, rental offers are invited in the region of £65000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
Rent Review
Next review date
Rates
Prospective occupiers should make their own enquiries to verify this information.
Costs
Each party is to be responsible for their own costs involved in the transaction.
Tenure
Leasehold - Lease For Sale
Rates
Sustainability
Energy Performance Certificate
Energy Performance Certificate Information
A copy of the EPC is available upon request.
Disclaimer
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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