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    Key features

    • To be offered on Tuesday 27 January
    • Freehold Long Let Supermarket and Ground Rent Investment
    • Recently developed site with new leases
    • Commercial let on new 15 year lease from October 2025 to Tesco Stores Limited
    • Majority let to Tesco Stores Limited until 2040 (subject to break option at year 10)
    • Future development potential at rear site (subject to necessary consents)
    • Investment let at £95,800 pa (7.10% on Guide Price)

    Description

    The property comprises a recently developed, three storey building arranged as a ground floor supermarket let to Tesco, together with residential upper parts which have been sold on a long lease. The site benefits from plenty of parking together with a plot at the rear which may be suitable for future development (subject to necessary consents).

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.

    Tenancy

    Please see Tenancy & Accommodation Schedule below.

    Planning

    The rear of the site benefits from future development potential (subject to necessary consents). The vendor has pre-application advice on a day nursery at the rear, however it may also lend itself to opportunities such as EV charging points, InPost lockers etc.

    Rent

    £95,800 pa

    Notes

    Addendum:


    Please note that, contrary to the tenancy schedule, there is a tenant break option on the 10th anniversary of the lease.


    Please note that there is a lower ground floor store room sold off on a 999 year lease under title number K177063.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Chatham is an attractive town approximately 32 miles south-east of London (approx. 40 minutes by train). The property is situated approximately 3.5 miles south of Chatham, in the area of Lordswood. The property is located in a predominantly residential location, with nearby occupiers including Sherlodge Garage (Shell) and Lordswood School.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums