UNDER OFFER
48 Grosvenor Road, Tunbridge Wells

48 Grosvenor Road
Location Tunbridge Wells
Floor Area Ground Floor approx. 404sq ft [37.5se m]
Lower Ground Floor approx. 392sq ft [36.4sq m]
Tenure Leasehold
Description Guide Rent 14,000 p.a.x.
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LOCATION / SITUATION

Royal Tunbridge Wells is an affluent and historic Spa town situated approximately 35 miles south east of Central London.  The Borough has a resident population of around 100,000 people.

The main arterial route to the north is via the A26 through Southborough linking with the A21 which serves the M25 at Junction 5.  There is a main line station situated on Mount Pleasant Road with an average journey time of approximately one hour to the capital.

The property is situated on the eastern side of Grosvenor Road approximately 100 metres south of its junction with St John’s Road, (A26) and approximately 250 metres north of the main entrance to the Royal Victoria Place Shopping Centre and Calverley Road.

DESCRIPTION

A mid terrace retail unit arranged over ground and lower ground floors. The premises are currently arranged as a hairdressing salon with ancillary treatment rooms and staff facilities on the lower ground floor.

ACCOMMODATION

Ground Floor:

Retail Sales Approx. 306ft² [28.4m2]

Rear office  / Staff Approx. 98ft2 [9.1m2]

Lower Ground Floor:

Room 1   Approx. 123ft2 [11.4m2]

Laundry Room   Approx. 15ft2 [1.3m2]

Room 2   Approx. 125ft2 [11.6m2]

Wet Room - off Room 2   Approx. 42ft2 [3.9m2]

Kitchen / Staff   Approx.  87ft2 [8.0m2]

WC

LEASE

The premises are available by way of a new effective Full Repairing and Insuring Lease for a term to be agreed. The provisions of sections 24-28 inclusive of the Landlord & Tenant Act 1954 are to be excluded from the lease.

GUIDE RENT

£14,000 per annum exclusive.

Rent payable quarterly in advance on the usual quarter days. We are advised VAT  is not applicable.

RENTAL DEPOSIT

The ingoing Tenant will be required to provide a rental deposit.

BUSINESS RATES

Enquiries of the VOA website indicate that the property is described as “Shop and Premises” with a Rateable Value of £9,600. The Standard UBR for 2017 / 2018 is 47.9 pence in the £.

Subject to satisfying certain criteria the ingoing Tenant may qualify for Small Business Rates Relief.

Interested parties are strongly advised to make their own enquiries of the local Rating Authority to verify this information.

LEGAL COSTS

Each party to be responsible for their own legal costs save that the ingoing  Tenant will be required to provide a legal undertaking to pay any abortive legal costs incurred by the Landlord.

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For more information on this property, please contact:

Darrell Barber
Bracketts Tunbridge Wells office

Phone (01892) 559507

darrell@bracketts.co.uk