Unit 2, 7-10 St. Margarets Street, Canterbury, CT1 2TP

Description
The Slatters development at 7-10 St Margaret's Street is a mixed-use development comprising a new 129 bed Hampton by Hilton hotel, together with a 5th floor rooftop bar/restaurant (trading as Socialite) with dedicated ground floor entrance and two ground floor commercial units. Unit 1 is let.

Location
The subject property occupies a prime central retail pitch in the City Centre, located on St Margaret's Street which links the historic High Street to the modern Whitefriars development, Canterbury’s prime retailing location, which is home to brands such as Fenwicks, H&M, M&S, Topshop and Zara. Canterbury Cathedral is a 4 minute walk from the subject property, which itself attracts over 900,000 paid visits annually.
St Margaret's Street is already an established boutique retail and food and beverage location, with retailers such as Superdry HMV, and Alice and the Hatter.

Rent & Service Charge
We are guiding £35,000 per annum exclusive VAT for a new lease on terms to be agreed.
Rent will be subject to VAT (exclusive of service charge and all other property-related outgoings), payable quarterly in advance on the standard English Quarter Days.
Service charge for the unit is estimated to be at £1.50 per sq ft and to be capped at £2.00 per sq ft.

Tenure
The premises are available on a new Full Internal Repairing and Insuring Lease.

EPC
To be assessed.

Viewing
Viewings are to arranged with the sole agent Savills.

Planning
The Local Planning Authority advises: The ground floor commercial units shall be used for E(a), E(c), E(e) and E(g) purposes and for no other purpose
(including any other purpose in Class E of the Schedule to the Town and Country Planning (Use Classes) (Amendment) (England) Regulations
2020, or in any provision equivalent to that Class in any statutory instrument revoking and re-enacting that Order).
Ref: CA/23/02204.