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Ground Floor Shop to Let, Unit 14-15 Pentagon Centre, Chatham, ME4 4HY

2,790 Sq Ft / Retail / General Retail

To Let

Available - Last updated: 05 June 2024

The unit comprises a ground floor retail unit.

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 net internal floor areas:

Ground Floor - 2,790 sq ft (259.20 sq m)

Terms

Lease - Subject to obtaining vacant possession (one months notice). 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 electronically advised by the VOA that the property is assessed as follows:

Rateable Value - £53,000

Rates Payable (2023/2024) - £27,136

Service Charge & Buildings Insurance - Service Charge payable for the year 2024 is approximately £29,438 per annum, with insurance of £427 per annum, plus VAT

Energy Performance Certificate - The property has an EPC Rating of D. A copy of the EPC Certificate us available upon request.

Costs - All figures quoted are exclusive of VAT where applicable.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Available on application To Let NA NA

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Contact agents

Richard Mills

Jamieson Mills

020 3369 0883

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