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Type: Retail
Location: The property is located in Medway, the largest conurbation in the county of Kent with a population of over 250,000. Medway comprises several towns including Rochester, Strood, Chatham, Gillingham and Rainham. The population is expected to rise to 300,000 by 2021 with some of the country’s largest urban regeneration projects coming forward over the next three years. The M2 motorway connects Medway to London, the M25 is just 15 minutes from junction 3 and set to quicken once the road widening project is complete. The new Ebbsfleet CTRL station provides fast track rail services to Kings Cross and Paris. Boundary Road is situated some 800metres from Chatham Station which has fast rail services to London Victoria, Charing Cross, London Bridge and Canon Street as little as 40 minutes duration. Consequently the area around the station is very popular with commuters. Additionally, the cutting edge University College of the Creative Arts UCCA attracts many students to this area of Medway being only 5 minutes on foot. Boundary Road is in the middle of a densely populated residential area with five schools and one college in close proximity.
Terms: A new lease is sought for a term to be agreed at an annual rent to be agreed. Guide £16,420p.a. The lease is to be on an FRI basis with upward only rent reviews at every fifth year.
Additional Information: The property is a traditional A1 retail unit on a busy cross roads with a frontage of about 18metres in total. There is limited off road parking, say 5 spaces. The previous owner has retired due to bad health and is now looking to rent the property on terms to be agreed. Internally the property has a large retail area of 571 sq.ft and stores of 249sq.ft. A total of 821sq.ft. The unit is ideal as a convenience store to serve the local community.
Legal Costs: Each party to bear their own costs
Rates: We have been advised by Medway Council that the current rateable value is £4,750 p.a. We understand that the current Business Rate is 46.2p in the pound
Viewings: By arrangement with the agents Michael Parkes Chartered Surveyors
Contact Dan Parkes
Tel: 01634 294994 Mob: 07921 694502 dparkes@michaelparkes.co.uk
MICHAEL PARKES CHARTERED SURVEYORS for themselves and for vendors or lessors of this property whose agents they are give notice that:
the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer or contract;
all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them;
no person in the employment of Michael Parkes Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property; all prices and rents are quoted exclusive of Value Added Tax. Any prospective tenants/purchasers should satisfy themselves by enquiry as to whether VAT is chargeable on particular properties.
Parties intending to enter into leases should seek early advice from property professionals or lawyers.
TO LET
A1 Retail Unit – Convenience store
CHATHAM KENT
ME4 6UH
111-113 BOUNDRY ROAD
boundry_road Location: The property is located in Medway, the largest conurbation in the county of Kent with a population of over 250,000. Medway comprises several towns including Rochester, Strood, Chatham, Gillingham and Rainham. The population is expected to rise to 300,000 by 2021 with some of the country’s largest urban regeneration projects coming forward over the next three years. The M2 motorway connects Medway to London, the M25 is just 15 minutes from junction 3 and set to quicken once the road widening project is complete. The new Ebbsfleet CTRL station provides fast track rail services to Kings Cross and Paris. Boundary Road is situated some 800metres from Chatham Station which has fast rail services to London Victoria, Charing Cross, London Bridge and Canon Street as little as 40 minutes duration. Consequently the area around the station is very popular with commuters. Additionally, the cutting edge University College of the Creative Arts UCCA attracts many students to this area of Medway being only 5 minutes on foot. Boundary Road is in the middle of a densely populated residential area with five schools and one college in close proximity.
Terms: A new lease is sought for a term to be agreed at an annual rent to be agreed. Guide £16,420p.a. The lease is to be on an FRI basis with upward only rent reviews at every fifth year.
Additional Information: The property is a traditional A1 retail unit on a busy cross roads with a frontage of about 18metres in total. There is limited off road parking, say 5 spaces. The previous owner has retired due to bad health and is now looking to rent the property on terms to be agreed. Internally the property has a large retail area of 571 sq.ft and stores of 249sq.ft. A total of 821sq.ft. The unit is ideal as a convenience store to serve the local community.
Legal Costs: Each party to bear their own costs
Rates: We have been advised by Medway Council that the current rateable value is £4,750 p.a. We understand that the current Business Rate is 46.2p in the pound
Viewings: By arrangement with the agents Michael Parkes Chartered Surveyors
Contact Dan Parkes
Tel: 01634 294994 Mob: 07921 694502 dparkes@michaelparkes.co.uk
MICHAEL PARKES CHARTERED SURVEYORS for themselves and for vendors or lessors of this property whose agents they are give notice that:
the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer or contract;
all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them;
no person in the employment of Michael Parkes Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property; all prices and rents are quoted exclusive of Value Added Tax. Any prospective tenants/purchasers should satisfy themselves by enquiry as to whether VAT is chargeable on particular properties.
Parties intending to enter into leases should seek early advice from property professionals or lawyers.
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