|Floor Area||NIA approx. 855 sq ft|
|Description||£12,000 per annum exclusive|
LOCATION / SITUATION
Royal Tunbridge Wells is an affluent and historic Spa town located approximately 35 miles south east of Central London. The Borough has 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 approximately one hour to the capital.
The property is situated on the western side of Grosvenor Road in a parade favoured by local and independent retailers.
A end of terrace ground floor retail unit with lower ground floor stores.
Retail Sales Approx. 431ft2 [40.0m2]
Rear stores Approx. 23ft2 [2.1m2]
Kitchen / Staff Approx. 80ft2 [7.4 m2]
Lower Ground Floor:
Stores Approx. 321ft2 [29.8m2]
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.
£12,000 per annum exclusive - payable quarterly in advance on the usual quarter days.
We are advised that VAT is not applicable.
The ingoing Tenant will be required to provide a rental deposit to be held throughout the Term.
Enquiries of the VOA website indicate that the property is described as “Shop and Premises” and has a Rateable Value of £8,900. The Standard UBR for 2019 / 2020 is 50.4 pence in the £.
Subject to satisfying certain criteria the ingoing Tenant may qualify for Small Business Rates Relief.
Interested parties are strongly advised to make their own enquiries of the local Rating Authority to verify this information.
Each party to be responsible for their own legal costs.
Bracketts Tunbridge Wells office
Phone (01892) 559507