Suzuki House & Forecourt, Broad Oak Road, Canterbury, CT2 7PX

Overview

Description

Location

The property is located on Broad Oak Road, an established commercial area popular with motor dealerships, retail, and trade counter occupiers, situated approximately 1.5 miles outside Canterbury City Centre.

Description

The property comprises a detached commercial building of brick elevations, with composite cladding beneath a pitched tiled roof.

It is currently arranged as a car showroom to the front incorporating office and staff areas, with workshops and storage areas to the rear.

The showroom is finished to a good modern specification having a large, glazed frontage accessed by electrically operated doors. Internally there is a suspended ceiling incorporating LED spot lights, and a mix of tiled and carpeted flooring. The rear workshops have a concrete floor and fluorescent strip lighting, accessed by three electric roller shutter doors.

There is a gas combination boiler providing central heating supplemented by air conditioning in the showroom.

Externally, the property benefits from parking to the front, side and rear., the total site extending to approximately 0.518 acres.

Terms

The long leasehold interest in the property is offered for sale on an unconditional basis across two leases, the principal terms of each as follows:

Suzuki House:
The property is let by way of a 125 year lease from 6 June 1984 (expiring 3 June 2109) at a rent of £11,250 per annum (exc), and subject to ground rent reviews every fifth anniversairy of the lease. The pertinent permitted uses for the property are for light industrial or warehouse purposes, and for the retail of motor vehicles.

The Forecourt:
The property is let for a term of years expiring 3 June 2019, running concurrently with Suzuki House. It is let a rent of £11,250 per annum and is subject to ground rent reviews every fifth anniversairy of the lease. The permitted use of the property is for open storage and the display of new and second hand cars.

Copies of both leases are available upon request.

Rent/Price

Our client is seeking offers in the region of £700,000 on an unconditional basis.

Please see the Marketing Particulars for further information.