TO LET
Green Barn, Furnace Farm, Lamberhurst

Green Barn, Furnace Farm
Location Lamberhurst
Floor Area GIA 3,300 sq ft [306.5 sqm]
Tenure Leasehold
Description 20,000 per annum exclusive
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LOCATION / SITUATION

Lamberhurst village is located just off the A21 approximately 7 miles east of Royal Tunbridge Wells.

The property is located on the northern side of Furnace Lane  approximately one mile west of the village centre. The property forms part of a small business park and enjoys a secluded position adjoining farmland.

DESCRIPTION

Warehouse/Business unit with fenced car park/ yard.

ACCOMMODATION

Ground Floor:

Warehouse    GIA Approx. 3,300 ft2 [306.5m2]

Fenced yard / parking

TRANSACTION

The premises are available by way of an assignment of the existing lease.

The property is held for a term of 9 years with 3 yearly rent reviews from 8th May 2017 at a passing rent of £20,000 per annum exclusive.  The lease contains a Tenant break option exercisable on 8th May 2020 and 8th May 2023 subject to conditions.

The Provisions of Sections 24 - 28 inclusive of the Landlord and Tenant Act 1954 are excluded.

A copy of the lease is available upon request.

Note - The Landlord has indicated that it may consider granting a new lease on terms to be agreed subject to a simultaneous back to back surrender of the existing lease.

VAT

We are advised that the rent will not attract VAT.

BUSINESS RATES

Enquiries of the VOA website indicate that the property is described as ‘Vehicle repair workshop and premises’ and has a Rateable Value of £14,250.  The standard Uniform Business Rate 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.

RENTAL DEPOSIT

The ingoing party will be required to replace the existing rental deposit of £5,000 and may be required to provide a guarantor.

LEGAL COSTS

Each party to pay their own legal costs incurred in connection with 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