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SOUTHBOROUGH HUB LONDON ROAD, SOUTHBOROUGH TUNBRIDGE WELLS, KENT, Southborough

SOUTHBOROUGH HUB LONDON ROAD, SOUTHBOROUGH TUNBRIDGE WELLS, KENT
Location Southborough
Floor Area Block A

Unit 1
Gross internal floor area of 162 sqm or 1,747 sqft.

Unit 2
Gross internal floor area of 158 sqm or 1,705 sqft.

Block B
Gross internal floor area of 137 sqm or 1,475 sqft.
Tenure Leasehold / Long Leasehold
Description TERMS LONG LEASEHOLD

Available by way of new 250 year leases at peppercorn ground rent. Guide prices are as follows:

Block A Unit 1 325,000
Block A Unit 2 325,000
Block B 275,000
Subject to contract.
VAT Will be payable.

OCCUPATIONAL LEASES

Alternatively, consideration might be given to letting the units by way of new occupational leases for a term of not less than 15 years at the following rents:

Block A Unit 1 25,000
Block A Unit 2 25,000
Block B 21,000

Rent will be payable quarterly in advance plus VAT.
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DESCRIPTION


Southborough Hub is a comprehensive mixed use development between Crest Nicholson and Kent County Council (KCC) to deliver a vibrant thriving new heart to Southborough.


KCC will deliver the community element of the scheme which includes a new medical centre, theatre, library, café and council offices together with a new sports pavilion.


Crest Nicholson will deliver 69 new 1 and 2 bedroom apartments alongside 3 commercial units. The commercial units will have either London Road or public realm frontage through an attractive landscaping scheme which will form the centre of this development providing connection nodes from the existing car park which is to be expanded, London Road, Yew Tree Road and the Hub.


LOCATION


The scheme is located on the eastern side of London Road in the centre of Southborough around two miles north of Tunbridge Wells town centre. The A21 is around a mile to the north with Tonbridge mainline station around 2 miles away.

ACCOMMODATION


Block A


Unit 1
Gross internal floor area of 162 sqm or 1,747 sqft.


Unit 2
Gross internal floor area of 158 sqm or 1,705 sqft.


Block B
Gross internal floor area of 137 sqm or 1,475 sqft.


The three retail units will be developed to “shell and core “ finish ready for occupiers’ fit out. Fully glazed shop fronts will be installed.


The units will have mains services except gas. Three-phase power will be available.


NB: The above floor areas are taken off plan and may vary once the scheme has been completed.

TERMS LONG LEASEHOLD


Available by way of new 250 year leases at peppercorn ground rent. Guide prices are as follows:


Block A Unit 1 £325,000
Block A Unit 2 £325,000
Block B £275,000
Subject to contract.
VAT Will be payable.


OCCUPATIONAL LEASES


Alternatively, consideration might be given to letting the units by way of new occupational leases for a term of not less than 15 years at the following rents:


Block A Unit 1 £25,000
Block A Unit 2 £25,000
Block B £21,000


Rent will be payable quarterly in advance plus VAT.


SERVICE CHARGE
To be confirmed.


PARKING
No demised parking is to be made available but the Yew Tree Car Public Park is to be extended and is within a few yards of the scheme.


EPC
To be confirmed upon completion.


RENT DEPOSIT
If the units are let by way of occupational leases then the ingoing tenants will be required to provide a rental deposit as security.

BUSINESS RATES
Not yet assessed.


PLANNING
The scheme has been given consent under Ref TW/16/06081. The permitted uses fall within Classes A1, A2 and A3 of the Use Classes Order.


The units may be suitable for other uses and prospective purchasers and tenants are to make their own enquiries of Tunbridge Wells Borough Council 01892 554604.


TIMING
Units 1 and 2 in Block A are due to be ready for tenants’ fit out by March 2019 with the unit in Block B April 2019.
FOR FURTHER INFORMATION


Contact: Jeffrey Moys

jeff@bracketts.co.uk


John Giblin
John.giblin@bracketts.co.uk
Bracketts – 01732 350503.

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For more information on this property, please contact:

Jeff Moys
Bracketts Tonbridge office

Phone (01732) 350503

jmoys@bracketts.co.uk