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Modern Retail Premises, Unit 1 Elwick Place, Elwick Road, Ashford, TN23 1AX

2,562 to 5,124 Sq Ft / Retail / General Retail

To Let - £75,000.00 per annum

Available - Last updated: 10 July 2024

This unit is very prominently located next to the Elwick Place car park and is also visible from the shared space road system on Elwick Road. Located on the ground floor of the Elwick Place development, providing just over 5,100 sq. ft. of retail space, this unit is open plan and was previously operated as a food hall/restaurant and farm shop. There is a large glass and aluminium shop front containing double doors 8’8” wide facing on to the pedestrianised area and across to County Square along with a glazed return frontage onto the car park. There are WC facilities and a rear pedestrian access door. Externally, there is the option for outside customer seating, subject to landlord’s consent and a car park shared for all tenants/customers on a pay and display basis.

( Agency Pilot Software ref: 458 )

Location

Elwick Place is a 100,000 sq.ft. leisure, cinema and restaurant complex located in the heart of Ashford town centre where Elwick Road meets Bank Street in the ‘shared space’ area. Despite being a new complex within the Town Centre, it is proving to be a very popular leisure destination offering a variety of food and beverage destinations complimented by Picturehouse cinema, Travelodge Hotel, Snap Fitness (gym) and The Snug (home and lifestyle store).
 
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 1: 5,124 sq.ft. (476 sq. m)
 
Could be split to provide 2 units of approx. 2,562 sq. ft. each

Terms

The premises are available by way of a new fully repairing and insuring lease, the terms of which are negotiable. The rent is to be £75,000 per annum for Unit 1 as a whole, with a service charge of circa £5 psf per annum or £40,000 for each unit if split.

SERVICES
All main services are connected to the premises.
 
BUSINESS RATES
The rateable value is £85,000 for both units 1 and 2 from 1st April 2023. This will need to be re-assessed upon re-occupation however, we estimate it will be in the region of £52,000. The uniform business rate multiplier for the year 2024/25 is 51.2p.
 
LEGAL COSTS
Each party will be responsible for their own legal costs in the transaction.
 
ENERGY PERFORMANCE CERTIFICATE
Results awaited.
 
Certificate and Report can be viewed when available at https://find-energy-certificate.digital.communities.gov.uk/

Specification

  • Unit 1 – 5,124 sq. ft (could be split)
  • Large glazed return frontage to car park
  • Immediate Availability
  • New lease available
  • Suitable for food and beverage related uses

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
As a Whole To Let £75,000.00 per annum
Per Unit if Split To Let £40,000.00 per annum

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Contact agents

Richard Stafford

Stafford Perkins Chartered Surveyors

01233 690510

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