Located on the southern side of Market Street, close to various retailers, banking facilities and Estate/Letting Agents, including Superdrug, Specsavers, Boots, Nationwide and NatWest.
The former Woolworths store has its main entrance on Market Street with loading facilities from Bank Street Car Park and a further side entrance on Lesley Smith Drive (which leads from Bank Street Car Park to Market Place).
Let under the terms of a 10 year lease from 30th June 2009 at a current rental of £11,000 per annum. We understand notice has been given and they are due to vacate in January 2021.
Ground & First Floor
Let under the terms of a 15 year lease from 26th June 2009 at a current rental of £85,000 per annum. Currently trading as Multi-Save.
Total useful floor area 1,524 sq m (16,404 sq ft).
EPC C (56).
VOA Website Information
Retail zone A 64.5 sq.m. Retail zone B 62 sq.m. Retail zone C 59.8 sq.m. Remaining retail 562.5 sq.m. Office 16.1sq.m. External Storage 13.6sq.m.
Store – 496 sq.m.
Car Park spaces – four.
The information provided from the VOA website/EPC register has not been verified by the Auctioneers. Prospective bidders should rely on their own inquiries to verify the information.
Planning Permission was granted by Swale Borough Council under reference 16/503847/FULL, dated 7th March 2017, for alterations and part first floor and new second floor extension to provide 13 residential apartments with new residential access. New timber shop front to existing ground floor retail premises, subject to conditions. This planning permission has now lapsed. Copies of the planning permission, accompanying drawings and other information is available via Swale Borough Council’s website.
Lapsed Planning Proposed Accommodation
A ground floor retail unit is retained, 13 apartments comprising five two-bedroom and eight one-bedroom flats with access via Lesley Smith Drive.
The majority of the site is freehold with a smaller part (to the rear) being leasehold.