FOR SALE OR TO LET
23 Camden Road, Tunbridge Wells

23 Camden Road
Location Tunbridge Wells
Floor Area Approx. 1,394 sq ft [129.4 sq m]
Tenure Freehold / Leasehold
Description Freehold - Guide Price 240,000

Leasehold - Guide Rent 18,000 p.a.x.
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LOCATION

Tunbridge Wells is an affluent and historic Spa town situated approximately 35 miles south east of Central London with a resident population of around 100,000 people.

The main arterial route to the north is via the A26 through Southborough linking with the A21 which serves the M25 at Junction 5. There is a main line station situated on Mount Pleasant Road with an average journey time of approx. 1 hour to the capital. 

The property is situated on the northern side of Camden Road just a few metres from the entrance to NEXT.

DESCRIPTION

Town centre retail unit with two self contained  ground leasehold flats above.

ACCOMMODATION

Ground Floor

Retail Sales:        approx. 790ft² [73.3m²]

Lower Ground Floor

Stores / office approx. 604ft² [56.1m²]

WC

Upper Floors

Flat 1 (First Floor front) – 1 Bed Flat

Flat 2 (First Floor rear) – 1 Bed Flat

TENURE

Option 1:

Freehold subject to vacant possession of the retail premises and subject to the existing residential ground leases.

Flat 1 – ground lease for a term of 125 years from December 2012 at £100 per annum for first 33 years subject to phased increases.

Flat 2 – ground lease for a term of 99 years from March 2009 at £100 per annum for first 33 years subject to phased increases.

Guide Price £240,000.

Option 2:

The retail premises are available by way of a new effective full repairing and insuring lease for a term to be agreed.  The provisions of Sections 24 - 28 inclusive of the Landlord and Tenant Act 1954 are to be excluded from the lease. The ingoing Tenant will be required to provide a rental deposit to be held throughout the Term.

Guide Rent £18,000 per annum exclusive.

VAT

We are advised that VAT is not applicable.

BUSINESS RATES

Enquiries of the VOA Website indicate that the shop has a Rateable Value of £21,250.

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

Any interested parties are strongly advised to verify this information with the Local Rating Authority.

LEGAL COSTS

Each party to be responsible for their own legal costs save that the Proposed Purchaser / Tenant  will be required to provide an undertaking for any abortive 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