UNDER OFFER
59-61 High Street, Tunbridge Wells
| Location | Tunbridge Wells |
| Floor Area | GF Approx. 1,663 sq ft [154.4 sq m] FF Approx. 1,235 sq ft [114.7 sq m] |
| Tenure | Leasehold |
| Description | Guide Rent £75,000 per annum exclusive |
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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.
The town is situated on the A26 which links via the A21 dual carriageway with Junction 5 of the M25 Motorway and has a frequent train service to Charing Cross and Cannon Street (journey time of approximately 60 minutes).
The property is situated on the eastern side of the High Street approximately 300 metres from the station. Nearby occupiers include Sweaty Betty, Seasalt, Whistles, Mint Velvet, Savills, Space NK, Artique, Tinc, Brora, Polarn O Pyret, CP Hart, Caroline Charles, Tom Howley, OSKA and G Collins & Sons.
DESCRIPTION
Prominent retail premises arranged over ground and first floors.
ACCOMMODATION
Ground Floor:
Gross Frontage Approx. 36ft² [ 10.9m²]
Retail Sales Approx. 1,588ft2 [147.5m2]
Stores Approx. 75ft2 [ 6.9m2]
First Floor:
Retail Sales Approx. 572ft2 [53.1m2]
Sales / Part landing Approx. 80ft2 [ 7.4m2]
Kitchen & Staff Approx. 132ft2 [12.2m2]
Stores Approx. 51ft2 [ 4.7m2]
Rear Stores & Office Approx. 400ft2 [37.1m2]
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
£75,000 per annum exclusive.
Rent payable quarterly in advance on the usual quarter days.
We are advised that our client has not waived exemption from VAT.
RENTAL DEPOSIT
The ingoing Tenant will be required to provide a rental deposit.
BUSINESS RATES
Enquiries of the VOA Website indicate that the property has a Rateable Value of £65,000. The standard UBR for 2017 / 2018 is 47.9 pence in the £.
Any interested parties are strongly advised to verify this information with the Local Rating Authority.
LEGAL COSTS
Each party to be responsible for their own legal costs save that the ingoing Tenant will be required to provide an undertaking to pay any abortive legal costs incurred by the Landlord.