The unit comprises a ground floor retail unit with ancillary.
Location
Chatham has a resident population of approx. 770,000 and draws shoppers from the entire Medway Region. The Pentagon Centre dominates the retail offer in Chatham with over 330,000 sq ft of retail with 430 car parking spaces.
The scheme is home to national brands such as Boots, New Look, JD, Poundland, The Works, Deichmann, Superdrug, Footlocker, Sainsbury's and Muffin Break.
There are extensive plans for reconfiguration of the First Floor to include a new Healthy Living Centre, Innovation Hub and more. Further details on request.
Accommodation
Approximate gross internal floor areas (subject to on-site verification):
Ground Floor - 13,093 sq ft (1,216.38 sq m)
Ancillary - 11,639 sq ft (1,081.30 sq m)
Terms
Lease - Subject to obtaining vacant possession & sub-division works. The property is available by way a new effectively full repairing and insuring lease for a term to be agreed, subject to an upward only rent review at the fifth anniversary of term commencement.
Rental - Upon application. Rent is exclusive of service charge, insurance, utilities, business rates and VAT.
Business Rates - We are advised that the estimated that the property would attrract the following assessment (Subject to Formal VOA Valuation):
Rateable Value - £187,000
Rates Payable (2023/2024) - £95,370
Service Charge & Buildings Insurance - Service Charge payable for the year 2024 is estimated to be approximately £216,612 per annum, with insurance of £TBC per annum, plus VAT.
Energy Performance Certificate - The property currently has an EPC Rating of C. A copy of the EPC Certificate us available upon request.
Costs - All figures quoted are exclusive of VAT where applicable.