UNDER OFFER
94 London Road, Southborough, Tunbridge Wells

94 London Road, Southborough
Location Tunbridge Wells
Floor Area Approx. 796sq ft [73.9sq m]
Tenure Leasehold (by Assignment)
Description Passing Rent of 16,000 p.a.x.
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LOCATION / SITUATION

Southborough is an outlying district of Royal Tunbridge Wells approximately 3 miles north of the town centre and close to the junction of the A26 and the A21 (T).

The property is situated in the centre of Southborough with frontage to the main A26 London Road.

The property enjoys a prominent position at the corner of London Road and Western Road.

DESCRIPTION

Double fronted retail unit.

ACCOMMODATION

Ground Floor:

Retail Sales Approx. 796ft² [73.9m2]

WC

TRANSACTION

Our client is seeking to dispose its of its leasehold interest by way of an assignment.

Consideration may be given to a sub-lease for a term to be agreed. The provisions of sections 24 - 28 inclusive of the Landlord & Tenant Act 1954 to be excluded from any sub-lease

LEASE

The premises are held for a term of 15 years from 10th November 2011 with 5 Yearly upward only rent reviews at a passing rent of £16,000 per annum exclusive.

A copy of the lease is available upon request.

RENTAL DEPOSIT

The ingoing Tenant will be require to provide a rental deposit to be held throughout the Term.

VAT

We are advised that VAT is not applicable to the rent.

BUSINESS RATES

Enquiries of the VOA website indicate that the property is described as “Shop and Premises” with a Rateable Value of £19,250.

The standard UBR for 2018 / 2019 is 49.3 pence in the £.

Any interested party must rely upon their own enquiries of the local rating authority.

LEGAL COSTS

The ingoing party to pay all parties legal costs.

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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