Canterbury Lane, Canterbury

Kent CT1 2HL


£1,250,000 PRICE GUIDE

REF # RC1250
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Property Features

  • Status: For Sale
  • Square Ft.: 3447

LOCATION:

The property is situated in a city centre location within the city walls in Canterbury Lane which links Burgate and St Georges Street.The property is only 200 m. from the Whitefrairs Shopping Centre and Canterbury Cathedral. Opposite the building is the tower of Mary Magdalen and all the major multiples are situated in St Georges Street and Whitefriars Shopping Centre. There is good access onto Upper and Lower Bridge Street which is the main ring road around Canterbury. The property is situated equidistant between Canterbury East and Canterbury West rail stations. The latter has fast train services to London St Pancras. The historic Cathedral city of Canterbury in East Kent is approximately 42 km. east of Maidstone and 85 km. south east of central London. The city has a residential population of c. 40,000 with a region population of 135,000. There is a student population of c. 28,000.

DESCRIPTION:

The property comprises a parade of 2 shops and a Restaurant in the centre of Canterbury.
3 Canterbury Lane comprises a lock-up shop unit c. 32.15 sq.m. (346 .) with kitchen and cloakroom facilities. The property is
trading as The Cash Resolve which deals with the purchase of precious metal and jewellery with a buy back scheme.
5 – 7 Canterbury Lane comprises a Restaurant on 2 floors. The ground floor includes a serving, cooking and seating area with a kitchen and preparation area at the rear c. 110.76 sq.m. (1,192 .).
The first floor comprises a restaurant and bar with cloakroom facilities c. 89.88 sq.m. (967 .).
The business has been established for over 42 years and offers teas, coffees, breakfast, lunch and afternoon tea.

9 Canterbury Lane is trading as the Belly Bar Tattoo and Piercing Shop on 2 floors.
The ground floor comprises a shop unit and studios c. 55.61 sq.m. (598 .).
The first floor comprises a studio, treatment room, clean room and cloakrooms c. 35.85 sq.m. (386 .)

TENURE:

The property is held freehold and registered at HM Land Registry under title number K550325

TENANCY SCHEDULE:

3 Canterbury Lane is let to Cash Resolve on a 10 year internal repairing lease from 1st April 2017 at rent of
£12,000 per annum. There is a break clause in the third year.
5 – 7 Canterbury Lane is to be let to Mr A Panteli on a 10 year internal repairing lease at a rent of
£42,000 per annum from 1st April 2018 (lease to be completed).
9 Canterbury Lane is let to Miss T Swetman and Mr Terence Wright trading as The Belly Bar on a new 10 year internal repairing lease.
from 1st April 2017 at a rent of £20,000 per annum. There is a break clause in the 5th year.

The rents are paid monthly in advance.

EPC - 3 Canterbury Lane, 9 Canterbury Lane


PLANNING:

The property is situated within the historic city of Canterbury. The property is not listed however it is located within the Canterbury conservation Area. For further details contact Canterbury City Council Planning Department .

VAT:

VAT will not be charged on the sale of this property.

VIEWING:

For viewing arrangements please contact:
Kylie Boers on or
Stuart Jerden on

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