Page 17 - Caxtons KPMR 2021

Lettings
Date
Location
Landlord
Tenant
Floorspace ft2
Rent (pa)
Lease term
Agent
Feb ’21
84-86 Grosvenor Road, Tunbridge Wells
Private
Fireaway Pizza
G – 1,331 B – 1,003
£25,000
15yrs – Tenant break –5th&10thyrs–
3 month rent free
Durlings
May ’21
106 Cheriton Road, Folkestone
Private
Private
1,726
£18,500
20 years
Stafford Perkins
Apr ’21
34 – 36 High Street, Tenterden
Hampton House Properties Limited
The Cranbrook Bakery Limited
850
£41,500
5 years
Caxtons
Dec ’20
219 High Street, Chatham
Eastlight Investments Ltd
Mr & Mrs Yomi Jaiyesimi
736
£18,000
15 Years
Harrisons
Sales
Date
Location
Vendor
Purchaser
Floorspace ft2
Capital value
Agent
May ’21
Sevenoaks Garden Centre, Main Road, Sundridge, Sevenoaks
Yellow Beach LLP
C&GLtd
4.25 acres
£5m
Salisbury & Co & Hurst Warne
Mar ’21
216-222 Luton Road, Chatham
Bowman Ballard Distribution Co Ltd
Ali Eren
5,781
£340,000
Harrisons
Jan ’21
21 High Street, Broadstairs
Mojon Investments Limited
Nilacraft Limited
3,410
£423,000 (investment sale)
Caxtons
Dec ’21
33 High Street, Tunbridge Wells
Private
Centrepoint Ltd
2,773 total net (internal)
£800,000
Durlings
Feb ’21
61/61a Mayplace Road East, Barnehurst, Bexleyheath
Private individual
Kova Workplace Ltd
499 + residential accommodation
£305,000
Caxtons
Sevenoaks at Bligh’s Meadow in the Phase Eight unit which closed earlier in the year. The new entrant was joined in July by Starbucks in the former Cafe Nero unit.
These lettings reflect a shift towards local shopping and experience. This is also seen in a number of hospitality lettings across the county. At Elwick Place, Ashford, Matches Sports Bar, Grill & Social and Italian restaurant, Unita 4, both opened in 2021 alongside Macknade Food Hall. Similarly, the Spirit of Sittingbourne regeneration scheme saw The Light leisure complex open in May. The complex has an eight- screen cinema, nine-lane bowling alley, retro arcade, diner and three bars.
In Maidstone, PureGym opened in The Mall in April, following its Ashford launch last year. Following a number of restaurant closures in Maidstone, The Green Room took the former
Pizza Express building at 32-34 Earl Street. The letting will see the delivery of coffee shop, bar, restaurant and music venue across four floors totalling 830m2 (8,930ft2).
The supermarket sector fared relatively well during the pandemic, and there are developments planned. In June planning was approved to allow Lidl to vacate its unit in The Broadway Centre and share space with Wickes in its St Peter’s Street building in Maidstone. ALDI plans a second store in Ashford at Waterbrook Park, and at Kings Hill, ALDI acquired a site in July 2021. Public consultation is underway ahead
of the submission of a planning application. Meanwhile, Staplehurst saw a 18,000ft2 Sainsbury’s open in March.
Like the High Street, the county’s out of town market is also struggling with vacancies, but there have been lettings. Sofology opened a new store in December at South
Gail’s Bakery at Bligh’s Meadow, Sevenoaks.
Kent Property Market Report 2021 15
CREDIT: CAXTONS