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AGENT'S DETAILS


Superdrug, 54 Week Street

For sale: POA|10008 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
SIZE10008 Sq Ft
ADDRESSSuperdrug, 54 Week Street, Maidstone, ME14 1RR
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON24th January 2020

DESCRIPTION

Key Points

  • Freehold, including all upper parts;
  • A 100% prime pitch on Week Street, positioned, immediately adjacent to Primark and opposite the entrance to Fremlin Walk, with an annual footfall of 6.1 million people;
  • Substantial retail unit, extending to 10,008 sq ft across 3 floors;
  • Let to Superdrug Stores PLC, a 5A1 D&B; rating, until March 2021;
  • Total current passing rent of £161,000 pa, reflecting £121 Zone A, which is an affordable and sustainable level; and
  • Summary

    Opportunity to purchase a securely let retail investment in a 100% prime pitch, located on Week Street, Maidstone.

    Description

    The property comprises a 3-4 split level mid-terraced retail unit with a sales area to the ground floor front and storage areas to the rear and on the upper levels. The property is serviced by car parking situated to the rear of the property and accessed via Church Street.

    Location

    Maidstone is an important and highly affluent south east town located in Kent, which is positioned approximately 40 miles (57 minutes) south east of London, 20 miles (28 minutes) north west of Ashford and 28 miles (40 minutes) west of Canterbury. Maidstone is strategically located close to several major road links with easy access to J3 and J5 of the M25, which is 25 minutes to the west via the M26. Maidstone East Station is conveniently located 0.2 mile to the north of the property. It is a key south east transport hub with approximately 1.4 million passenger per annum using this station annually. Kent County Council are committing up to £2.5 million (Source: Network Rail) to provide new Thameslink Services, operating from Maidstone East to London Bridge, significantly improving rail services and journey times. Gatwick Airport, a major international airport, is located 39 miles (45 mins) west of Maidstone. It is the second busiest airport in the UK and eighth busiest airport in Europe with approximately 46 million passengers passing through in 2018.

    LOCATION

    Location: Superdrug, 54 Week Street, Maidstone, ME14 1RR

    Maidstone East (0.2 miles)

    Maidstone Barracks (0.4 miles)

    Maidstone West (0.4 miles)

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