TO LET
Unit 20, Chapman Way, Tunbridge Wells

Unit 20, Chapman Way
Location Tunbridge Wells
Floor Area GIA approx. 10,892 sq ft [1,011 sq m]
Tenure Leasehold (by Assignment)
Description Passing Rent 106,356 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 people.

The property forms part of the Chapman Way Estate which is situated approximately 2 miles from the A21 Pembury Bypass via Longfield Road and approximately 2 miles north east of Tunbridge Wells town centre. 

The building occupies a prominent corner site.

DESCRIPTION

Modern business unit with full mezzanine cover currently being used as offices.  The premises were previously used as a printing studio.

ACCOMMODATION

Ground Floor:

Offices GIA Approx. 5,446ft2[505.9m2]

First Floor:

Offices GIA Approx. 5,446ft2[505.9m2]

On–site car parking for 14 Cars

AMENITIES

· Predominantly open plan offices

· Board room and meeting rooms

· Staff / Break-out room

· Air conditioning (some areas - not tested)

· Ladies and Gents WC’s

· Central Heating via radiators

· Rear service door

· Ample car parking

TRANSACTION

Our client is seeking to assign the residue of its lease by way of an assignment.

The premises are held by way of an effective full repairing and insuring lease for a term expiring February 2022 at a passing rent of £106,356 per annum exclusive. The rent is payable quarterly in advance on the usual quarter days. The provisions of sections 24 - 28 inclusive of the Landlord & Tenant Act 1954 have been excluded. The ingoing party will be required to provide a rental deposit.

*We are advised by our client that the Landlord may be prepared to grant a new lease subject to acceptable terms being agreed.

We are advised VAT is not applicable.

BUSINESS RATES

Enquiries of the VOA website indicate that the property is described as “Offices and Premises” and has a Rateable Value of £85,500. The Standard UBR for 2018 / 2019 is 49.3 pence in the £.

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 Proposed Assignee will be required to provide an undertaking to pay any abortive legal costs incurred by the Tenant and Landlord should the Proposed Asignee withdraw from the transaction.

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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