The property is a Grade II listed timber framed building with medieval origins and an elegant 18th Century mathematical tiled façade with a parapet roof with a late 19th Century shop front and according to the Valuation Office Agency, the total floor area is 186.50m2 (2007.46ft2) with about 13 metres of display frontage. Please see the floorplans below. The cellar is not shown on the plans.
Sun Street is one of the busiest streets in the city centre, close to the Christchurch Gate of Canterbury Cathedral and on the pedestrian route through the King’s Mile to the coach park.
Vacancy Rate and Footfall
Canterbury City Centre has much lower vacancy rents than the national average. The figures obtained from the Canterbury Business Improvement District Team showed a vacancy rate of 4.9% for the year to October 2016, the fourth lowest in the South East. The national vacancy rate for the same period was 9.5%. Visitor numbers to the City for 2016 were estimated at 7.2 million by Canterbury City Council with over 900,000 visiting Canterbury Cathedral (figures from the Association of Leading Visitor Attractions) in 2016.
Guide Rent and Deposit
Offers in the region of £60,000 per annum. A deposit of 3 months' rent will be held against dilapidation and non-performance with any interest accruing to the Landlord.
The property will be let on a fully repairing and insuring basis with preference for a longer term and will be contracted out of the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
Mains water, electricity, gas and drainage. Gas fired central heating.
Landlord's Legal Costs
The in-going tenant will be responsible for the Landlord's legal costs in drawing up the Lease.
Canterbury City Council. The property has a current rateable value of £34,500 according to the website of the Valuation Office Agency – www.voa.gov.uk
Energy Performance Certificate
No Energy Performance Certificate is necessary as the property is Grade II listed and therefore exempt from these regulations.
Commercial sales and lettings, release of tenancies and a number of other property transactions are subject to VAT and where relevant VAT is chargeable in addition to any consideration quoted. We are informed that the owners have not opted to tax, therefore no VAT is payable however, the right is reserved to change this position without notice.
The property falls within Use Class A1 (General Retail).