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Lot - 94 Ellingham Industrial Estate, Ellingham Way, Ashford, Kent, TN23 6LZ

Guide Price* £260,000 +

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Property Type
Light Industrial
Tenure
Leasehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Leasehold retail warehouse investment
  • Let to Angling Direct Limited until 2026 (¹) (²)
  • 419.66 sq m (4,517 sq ft)
  • Producing £28,500 per annum
  • Current net rent £26,700 per annum

Leasehold retail warehouse investment producing a net rent of £26,700 per annum

Description

The property comprises an end of terrace single storey retail warehouse with mezzanine floor, of steel portal frame construction with elevations of brick cavity wall and metal profile sheet cladding. There is a combined floor area of 419.66 sq m (4,517 sq ft) and allocated car parking at the front of the property.

Location

Ashford is located 15 miles north-west of Folkestone, 17 miles south-west of Canterbury and 24 miles south-east of Maidstone and is well connected along the M20 motorway linking Ashford with the Channel Tunnel, the wider motorway network via the M25 motorway and to London via the A20.

The property is situated within a well-established industrial estate adjacent to other business premises to the south-west of the town centre. Ellingham Way runs southwards from Wotton Road; the property being situated on the south side of the industrial estate at the junction with Ellingham Way. Nearby occupiers include Iveco, Jewson, Shurguard Self Storage together with multiple smaller business owners.

Tenancy Schedule

Floor Description Floor Area Tenant Tenancy Rent (£p.a.)
Ground
Ground
First
First
Retail, store one, store two
Kitchenette, Staff WC, Lobby
Retail area
Store three
201.80sq.m (2,172 sq.ft)
Not measured
205.62sq.m (2,213 sq.ft)
12.24sq.m (132 sq.ft)
Angling Direct Ltd (1) (2) 10 years
from
01/03/2016
£28,500
Total 419.66sq.m
(4,517sq.ft)
£28,500

Lease Details

Leasehold. Held on a lease for a term of 125 years from 25/12/1980 (having approximately 80 years unexpired), a current ground rent of £1,800 per annum. The ground rent is reviewed upwards only every 15 years, with the next review on 25/12/2030, based on 6.3% of the market rent.

Note

(1) Angling Direct Limited is the UK’s leading specialist fishing tackle and gear business. The first Angling Direct retail store was opened in 1986, and they now operate from over 40 locations across the UK. The business is a wholly owned subsidiary of Angling Direct Plc, who for the years ending 31/01/2025 reported a turnover of £91.00 million, a pre-tax profit of £2.00 million and shareholders funds of £12.10 million (Source: Annual report and financial statements). For further information visit their website at www.anglingdirect.co.uk.

(2) We have been verbally advised that the tenant intends to renew their lease. Please refer to the legal pack for further information.

VAT

Please refer to the legal documentation in this regard.

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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