Last year was Caxtons' first experience as a Patron member of Kent Invicta Chamber of Commerce.
David Gurton, Marketing & Business Development Director said "We were delighted with the many opportunities we benefitted from during our initial twelve-months as a Patron member and consequently have renewed our patronage for 2018 and are already planning for a busy year ahead.
"One of the primary advantages of such a strategic partnership with KICC is that we are kept informed of what is happening across the business community and sectors in Kent. In addition, it has enabled introductions to other Patrons and members and their companies, and has opened doors that would otherwise have been more difficult to access.
"We have found that KICC are able to promote the particular issues faced by companies and professionals in Kent to the British Chambers of Commerce. For us, and if timely, this information can then be fed directly into a policy team in Westminster, placing the firm in a position of influence."
David continued "As lead contributor to, and headline sponsor of the Kent Property Market Report, Caxtons is well informed on Kent's property market – whether commercial property, residential property or investment in property. Therefore we are able to speak with authority and confidence on the state of the Kent property market and the wider South East property market.
"Using the additional opportunities available as a Patron member of KICC, we intend to apply our specialist property knowledge on the topic and the sector, and to continue disseminating this vital research and what it reveals to as wide an audience as possible."
Jo James, Chief Executive of KICC
Confirmation that Kent has some of the most competitively priced areas to live for property renting commuters has been underpinned by a number of recent stories appearing in the national media.
The BBC looked at 18 'commutable' areas and concluded that rental property in Chatham would benefit tenants with the most economical living/travel costs within a reasonable commute of London. They took into consideration the cost of an annual season ticket – currently £4,124 for Chatham to Victoria – plus the rent on an average two or three bedroom property in the town, which they determined to be £866 a month. A slightly better deal might be to consider a property that Caxtons is currently marketing. It is a three-bedroom terrace house on First Avenue, a no-through road in Chatham, at just £750 per month. This beats the BBC's baseline average cost of annual commute plus rent at £22,604 within Greater London by more than £8,000 – a massive saving.
Other comparable Kent areas within a reasonable London commute would include towns such as Maidstone with a substantial £4,496 for a season ticket but the average rent for a two/three bedroom property would be £10,788, so still well under the £22K marker.
Another property in an area that could provide an excellent alternative to a Greater London address includes a mid-terraced spacious 3-bedroom house within walking distance of Gravesend train station. The rent of £950 a month and a commute to London terminals of £3,646 would make an annual travel and rental total of £15,046, £7K below the baseline.
Amelia Pavey, Head of Residential Lettings across the Medway and North Kent towns said: "We have some great, reasonably priced rental properties at Caxtons and are always looking for more. We understand that while it may be exciting to live and work in the centre of London, there comes a time when for many people, the life work balance changes – that may happen when you meet a long term partner, start a family, or just want to live out of town – and that's where we can help. We have let properties across Kent, from the coastal towns to the banks of the Thames, and understand not only the financial, but also the emotional value of property and how important each one is for both landlords and tenants alike."
Caxtons Chartered Surveyors has completed on a deal to let 6 Conqueror Court, Sittingbourne – 1,692 ft2 of modern office space – on a new full repairing and insuring lease until January 2026.
6 Conqueror Court is a ground floor self-contained office with 7 parking places and is located off the busy A249, just 2 miles from the London to Dover M2 motorway and onward access to Europe via the Channel Tunnel and ferry ports.
The unit is on the ground floor of the two-storey end of terrace purpose built property. It has raised and carpeted floors fitted with cabling and floor points; comfort heating/cooling; DDA access; a mix of individual and open plan office space; cloakrooms and a well-fitted kitchen; parking for 7 cars and upkeep and maintenance of external and common areas is covered by a service charge.
After an initial 3-month rent-free period the rent annual rent is £27,072 and there is a break option and rent review in the lease for January 2021. The new tenant, Terradace Holdings Ltd, already occupy Unit 4 at Conqueror Court. They have taken unit 6 in addition to their existing property.
Mark Coxon, Director and head of Commercial Agency at Caxtons said: “Caxtons was appointed joint agent by the landlord, Conqueror Property Partners Ltd so we were doubly delighted to be able to finalise the let to Terradace Holdings on this well appointed and easily accessible office unit.”