Canterbury 23 ST GEORGE’S STREET CT1 2SS
Prominent, Well Secured, South East Retail Investment Opportunity Canterbury 23 ST GEORGE’S STREET CT1 2SS
INVESTMENT SUMMARY • Canterbury is a popular, dominant regional shopping • Located in a prime, pedestrianised position on the • Long Leasehold – recently re-geared with Canterbury destination offering an attractive and historic retailing busy St Georges Street, opposite Fenwick, a main City Council (circa 123 years unexpired). environment serving a catchment of circa 480,000 entrance to Whitefriars Shopping Centre and • Securely let to Superdrug Stores plc for a further 7.5 year s which is supplemented by a regular influx of tourists. adjacent to Poundland and WH Smith. unexpired. A top performing store within the region. • The city offers and benefits from awide and varied • A prominent building on a substantial corner site of • Net annual income of £268,425 after head rent deduction. selection of mass market and specialist retailers 0.138 acres (560 sq m) providing 9,465 sq ft (880 including, M&S, Debenhams, Fenwick, H&M, Next, sq m) of well configured retail accommodation. • Offers of £3,875,000 (Three Million, Eight Hundred Topshop, Zara, Primark, WH Smith, Jack Wills, Crew, and Seventy Five Thousand Pounds) reflecting a net • Two flats (3 beds) included in the occupational lease Hobbs, French Connection, Karen Millen, Cath initial yield of 6.5% allowing for purchasers costs of with separate access. Kidston and Phase Eight. 6.53%.
Prominent, Well Secured, South East, Retail Investment Opportunity Canterbury 23 ST GEORGE’S STREET CT1 2SS
LOCATION DEMOGRAPHICS
Canterbury is a historic and attractive cathedral city located 62 miles (100km) south Canterbury has the largest district population in Kent comprising 149,100 (ONS). The city east of London, 17 miles (27km) north west of Dover and 29 miles (47km) east of Maidstone. is the dominant retailing centre in the county and serves a primary catchment population The city is easily accessible by road via the A2 (dual carriageway) which connects to the of 480,000 with a shopping population of 217,000. The catchment has recently experienced M2 motorway, London and the Channel Tunnel Rail Terminal (30 minutes’ drive to the above average population growth, with this trend set to continue over the next five years. south east). The high speed rail service from Canterbury West to London provides The city is home to four universities, with a total student population of around 40,000. frequent, direct trains to London St Pancras with a fastest journey time of 56 minutes As a consequence, young adults aged 15-24 are particularly over-represented. Canterbury whereas Canterbury East station offers a regular service into London Victoria and is a major tourist destination with attractions such as Canterbury Cathedral attracting mainland Europe via Ashford. Gatwick Airport is only 65 miles (105 km) to the south east. over 1 million visitors annually. In 2015 Visit Kent revealed the overall value of tourism to
C e r Canterbury economy was more than £450 million with 7.2 million visitors. 1 A414