These two ground floor lock-up retail units are finished to a shell specification ready for final shop fitting by an incoming tenant or purchaser. There is a large glass frontage to both units, with Unit 4 benefitting from a return window frontage. Both units benefit from 3-phase electric, gas and water and have rear access with 1 parking space for each unit. The units can be taken separately or together. The units have a mixed use class which can be viewed on the Ashford Borough Council website under application number 17/00396/AS.
( Agency Pilot Software Ref: 368 )
Location
Cedar Parade is a newly built scheme comprising of ground floor retail units with apartments over on the popular and ever-growing Repton Park estate, which is a short distance from J9 of the M20. Access is from Templer Way, with the units being located on the right hand side, next to Delmergate Pharmacy, just opposite Waitrose. There is already a diverse mix of businesses within the vicinity which include a pharmacy, convenience store, estate agents, barbers, hairdressers and coffee shop. Ashford, one of Kent’s designated growth centres, currently has a population of approximately 75,000 inhabitants and is set to grow substantially in the next 20 years. The town is centrally located within the county, benefitting from a fine communications network via the A20/M20 and five mainline railways. Ashford International Passenger station gives direct access to northern continental Europe via Eurostar and London is some 38 minutes distant via HS-1.
Accommodation
Unit 3: 657 sq.ft.
Unit 4: 788 sq. ft.
Terms
SERVICES Mains water, gas and 3-phase electric are connected to the premises but are capped, ready for fit-out.
BUSINESS RATES The premises are yet to be assessed for Business Rates but it is thought that the Rateable Value for both units will be in the region of £19,000. The uniform business rate multiplier for the year 2021/22 is XXX.
TERMS The premises are available on a long leasehold of 250 years with a ground rent payable of £125 per annum, with vacant possession upon completion. Offers are sought in excess of £300,000 for the pair. Alternatively, the premises are available to rent on new Fully Repairing and Insuring lease, the terms of which are negotiable. A rent in the order of £26,000 per annum plus VAT is being sought for both units. Units 3 & 4 are available to let separately, the rent for Unit 3 to be £11,500 per annum plus VAT and the rent for Unit 4 to be £14,000 per annum plus VAT.
LEGAL COSTS The ingoing tenant will be responsible for both parties legal costs in the transaction in the event of a letting.
ENERGY PERFORMANCE CERTIFICATE Both premises have assessments falling into Band G due to the shell specification. Any new tenant or purchaser would be required to update the EPC’s once fit-out works have been completed.
Specification
• 657 sq. ft. – 1,445 sq.ft
• Two units available as a whole or separately
• Located close to J9 of M20
• Immediate Availability