FOR SALE
15 Crescent Road, Tunbridge Wells, TN1 2LU, Tunbridge Wells

15 Crescent Road, Tunbridge Wells, TN1 2LU
Location Tunbridge Wells
Floor Area Approx. 582sq ft [54.13sq m]
Tenure Freehold
Description Freehold price 165,000 subject to contract.
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LOCATION

Royal Tunbridge Wells is an affluent and historic Spa town situated approx 35 south east of central London. The Borough has a resident population of around 100,000 people.

The town is situated on the A26 which links via the A21 to J 5 of the M25 at Sevenoaks. The mainline station is 400 yards away providing a frequent train service to London Cannon Street (approx 60 mins).

The property is in a parade of 7 retail units on the northern side of Crescent Road opposite the Hotel du Vin.

DESCRIPTION

Comprises a mid-terrace town centre Victorian building with ground floor retail sales currently trading as an estate agents with some basement storage.

The two upper floors provide self-contained flats accessed from the front. These have been sold off on long leases.

ACCOMMODATION

Ground Floor:

Retail Sales                297ft2 [27.6m2]

Rear staff / office          66ft2 [6.13m2]

Lower Ground Floor:  220ft2 [20.4m2]

TENANCIES

The ground and basement floors are leased to Green Lizard Marketing Communications Limited on a lease for a term of 15 years from 1st February 2007. The lease is effective full repairing and insuring via service charge recovery and expires January 2022. The lease is on terms within the Landlord and Tenant Act 1954.

The rent is currently £11,500 per annum increasing to £12,000 per annum from 1st February 2020.

The two flats are held by way of 150 year leases at ground rents of £150 per annum each rising by £50 per annum after every 25 years.

The current combined rent is £11,800 pa rising to £12,300 pa from February 2020.

PRICE

Freehold price £165,000 subject to contract.

VAT

Not applicable.

PLANNING

Interested parties are strongly recommended to make their own enquiries of Tunbridge Wells Borough Council.

LEGAL COSTS

Each party to bear their own costs.

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For more information on this property, please contact:

Jeff Moys
Bracketts Tonbridge office

Phone (01732) 350503

jmoys@bracketts.co.uk