FOR SALE
136 High Street, Tonbridge, Kent TN9 1BB & 5/5A Castle Street, Tonbridge, Kent TN9 1BH, Tonbridge

136 High Street, Tonbridge, Kent TN9 1BB & 5/5A Castle Street, Tonbridge, Kent TN9 1BH
Location Tonbridge
Floor Area 2,418 sq ft / 224.75 sq m
Tenure Leasehold
Description PRICE

The combined rent from the two commercial tenancies is 20,000 per annum

We are instructed to guide a price of 275,000 for the Freehold interest.
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LOCATION

Tonbridge is a busy market town in West Kent, with a population of approximately 40,000. The town forms part of Tonbridge and Malling Borough, which comprises a population of approximately 120,000 (Census, 2011). The town can trace its history to the Domesday Book and beyond. It is well known for its medieval Castle situated in the centre of the town, overlooking the Medway River. A number of excellent schools are located in Tonbridge, including Tonbridge School, The Judd School, Weald of Kent Grammar and Tonbridge Grammar School for Girls.

Tonbridge Mainline Station is an important railway junction, with lines to London, Ashford, Hastings and Redhill. The A21 provides a dual carriageway link to junction 5 M25 8 miles to the north.

Tonbridge High Street provides a mix of independent retailers, major high street chains, restaurants, pubs and cafes.

SITUATION

The property is prominently situated at the northern end of the High Street within the main business part of the town. The property is well located for access to the town’s shops and mainline railaway station, which is an approximate 750m walk away. Good amenties, including shops, cafes and restaurants are within the immediate vicinity of the property.

DESCRIPTION

136 High Street

The property comprises an inner terrace 3-storey property believed to have been built at the same time as 138 High Street, both being 18th Century houses. The property is of timber frame construction below pitch tiled roofs with tiled hung elevations to the front, with some extensions to the rear also of brick below tile. 

5 and 5a Castle Street

The premises are attached to the rear of 136 High Street, and is a small 2-storey building that has been in office use for many years, of brick below a hipped tiled roof. 5 Castle Street immediately abuts the public highway.  

TENANCIES


136 High Street
Tenant: Hospice of Hope Romania Limited
Lease: 5 years commencing 25th March 2016 inside the L & T Act 1954
Repairs: Internal repairing & insuring
Use: A1 Retail
Passing Rent: £12,000 per annum paid quarterly in advance


5/ 5A Castle Street
Tenant: Apex Partners LLP
Lease: 7 years from 13th August 2018 expiring 6th August 2025 outside the L & T Act 1954.
Repairs: Internal repairing & insuring
Use: B1/A2 Office
Break clause: Tenant only at thirtieth month subject to 6 months written notice.
Rent Review: 13th August 2021
Passing Rent: £8,000 per annum paid quarterly in advance.

PRICE

The combined rent from the two commercial tenancies is £20,000 per annum

We are instructed to guide a price of £275,000 for the Freehold interest.

VAT

We are advised by our client that it has not waived its exemption from VAT; therefore, VAT will not be applicable.

LEGAL COSTS

Each party to be responsible for their own legal costs.

VIEWING

Strictly by appointment through sole agents Bracketts – 01732 350503.

Contact:

 Jeffrey Moys

Email: jeff@bracketts.co.uk

John Giblin

Email: john.giblin@bracketts.co.uk

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For more information on this property, please contact:

Jeff Moys
Bracketts Tonbridge office

Phone (01732) 350503

jmoys@bracketts.co.uk