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 - 2,451 sq ft (227.71 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 - £50,000
Rates Payable (2023/2024) - £24,950
Service Charge & Buildings Insurance - Service Charge payable for the year 2024 is approximately £21,196 per annum, with insurance of £295 per annum, plus VAT
Energy Performance Certificate - The property has an EPC Rating of C (59). A copy of the EPC Certificate us available upon request.
Costs - All figures quoted are exclusive of VAT where applicable.