Acquired
Canterbury – Hostel
Kipps Independent Hostel, 40 Nunnery Fields, Canterbury CT1 3JTFreehold Hostel Investment
Lease Term
5 Years
Years Left on Lease
Holding Over
Area
3,000 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Predominant position in a pedestrianised location
- Comprises a ground, first and second floor hostel including single/double and twin rooms, as well as En-suite dormitory rooms.
- Property is a 9-minute walk from Canterbury East train station
VAT
VAT is not applicable.
Property Description
The property comprises a ground, first and second floor hostel including single/double and twin rooms, as well as En-suite dormitory rooms. The property benefits from a large garden, kitchen and reception room.
The property provides the following accommodation and dimensions:
Ground Floor: 50.00 sq m (538sq ft)
First Floor: 35.00 sq m (377 sq ft)
Second Floor: 6.00 sq m (66 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: 50.00 sq m (538sq ft)
First Floor: 35.00 sq m (377 sq ft)
Second Floor: 6.00 sq m (66 sq ft)
Tenancy Description
The shop is at present let to L Parsons t/a Kipps Canterbury for a term of 5 years from 1st November 2015 at a current rent of £35,000 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £1,700.
Tenancies & Accommodation
Location Description
Canterbury is a popular tourist destination: consistently one of the most-visited cities in the UK. The property is a 9-minute walk from Canterbury East train station. Canterbury is in east Kent, about 55 miles (89 km) east-southeast of London. The coastal towns of Herne Bay and Whitstable are 6 miles (10 km) to the north, and Faversham is 8 miles (13 km) to the northwest. Nearby villages include Rough Common, Sturry and Tyler Hill.
