|Floor Area||GIA Approx. 1,291FT²[119.9M²]
|Description||Guide Rent £850 p.c.m. exclusive|
LOCATION / SITUATION
The Old Brewery is located on the edge of the historic Wealden market town of Cranbrook, approximately 15 miles east of Tunbridge Wells and 15 miles south of Maidstone.
The property is situated at the junction of Bakers Cross and Dorothy Avenue approximately 400 metres south east of the town centre.
Ground floor business unit within a former brewery complex.
Open plan room GIA approx. 1,291ft2 [119.9m2]
The 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 & Tenant Act 1954 are to be excluded from the lease.
£850 per calendar month exclusive.
Rent payable monthly in advance.
The Landlord operates a service charge for all common and shared costs and will invoice the Tenant quarterly for 18.8% of the building maintenance costs (capped at £1,184.00 per annum), water (supply and waste), gas (by sub-meter) and site maintenance. Electricity is supplied and billed directly by the supplier. The Tenant to pay business rates and reimburse the Landlord for the annual buildings insurance premium applicable to the unit.
The ingoing Tenant to provide the Landlord with a rental deposit to be held throughout the Term.
We are advised that the rent will not attract VAT.
Enquiries of the VOA website indicate that the property is described as ‘Workshop and Premises’ and has a Rateable Value of £6,400.
The standard UBR for 2018 / 2019: 49.3 pence in the £.
Subject to satisfying certain criteria the ingoing Tenant may qualify for small Business Rates Relief.
Any interested parties must rely upon their own enquiries of the Local Rating Authority.
Each party to pay their own legal costs incurred in connection with the transaction.
Bracketts Tunbridge Wells office
Phone (01892) 559507