TO LET
50 High Street, Tunbridge Wells

50 High Street
Location Tunbridge Wells
Floor Area NIA approx. 348 sq ft [32.3 sq m]
Tenure Leasehold (by Assignment)
Description Passing Rent 25,000 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 western side of the High Street approximately 250 metres from the station.  Nearby occupiers include The Ivy, Juliets Coffee Shop, OSKA, Seasalt, Sweaty Betty, Space NK and Artique.

DESCRIPTION

Ground floor lock-up shop.

ACCOMMODATION

Ground Floor:

NIA Approx. 348ft2 [32.3m2] *

WC

* Measured floor areas provided by our joint agent

TRANSACTION

The premises are available by way of an Assignment of the existing lease. Our client may also give consideration to granting a short-term contracted out underlease.

LEASE

The premises are held by way of an effective full repairing and insuring lease for a term expiring May 2025 at a passing rent of £25,000 per annum exclusive. The lease benefits from the protection afforded by the Landlord & Tenant Act 1954 and contains a Tenant break option exercisable in May 2020.

The rent is payable quarterly in advance on the usual quarter days. All figures are exclusive of VAT (if applicable).

Further information regarding Service Charge is available upon request.

The ingoing Tenant may be required to provide a rental deposit.

BUSINESS RATES

Enquiries of the VOA website indicate that the property is described as “Shop and Premises” and has a Rateable Value of £17,250.

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.

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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