UNDER OFFER
C3 Cannon Park, Transfesa Road Paddock Wood, Kent, TN12 6UF, Paddock Wood

C3 Cannon Park, Transfesa Road Paddock Wood, Kent, TN12 6UF
Location Paddock Wood
Floor Area 4,961 sq. ft.
Tenure Leasehold
Description RENT

To Let at 30,000 (6.05 psf) per annum plus VAT in first year. 39,950 (8.05 per sq. ft.) per annum plus VAT thereafter.

FREEHOLD SALE

645,000 (approx. 130 psf) plus VAT, subject to contract.
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LOCATION

Cannon Park is in the northern side of Transfesa Road, approximately 500 yards off the Maidstone Road and in a high profile position.

Paddock Wood is strategically located on the A228 between Tunbridge Wells around 6 miles to the south west and Maidstone around 6 miles to the north east. The M26, M20 and M25 motorways are 9 and 14 miles to the north respectively.

Paddock Wood town centre is within ¼ mile providing a range of local shops together with a mainline station serving London, Tonbridge and Ashford.

DESCRIPTION

Cannon Park was developed in 2006 and comprises two blocks of industrial/warehouse units with offices built to a high specification. Units C3 is an end of terrace unit situated within the northern block just off Transfesa Road.

Profiled steel cladding with roof lights. Eaves height 24 ft, 3 phase power and electric roller shutter door. Ground showroom. Fitted first floor offices with double glazing, carpeting, suspended ceiling and air conditioning. 9 car parking spaces plus loading and bin storage.

SERVICES

All mains services are installed other than gas. Air conditioning is installed to the offices.

BUSINESS RATES

From the VOA website the unit has a rateable value of £39,500.

The current UBR for 2019 / 2020 is 50.4p in the £

SPECIFICATION

Air conditioned offices
Electric upper and over loading door
Three phase electrics
M/F wcs plus extra wcs in warehouse
9 car parking spaces

RENT

To Let at £30,000 (£6.05 psf) per annum plus VAT in first year. £39,950 (£8.05 per sq. ft.) per annum plus VAT thereafter.

FREEHOLD SALE

£645,000 (approx. £130 psf) plus VAT, subject to contract.

VAT

The property has been elected for VAT purposes and therefore VAT is payable on the rent.

RENT DEPOSIT

The ingoing tenant will be required to provide a rental deposit as security against the tenant’s compliance with all covenants under the lease.

LEGAL COSTS

Each party to bear own legal costs.

VIEWING

Strictly by appointment through agents Bracketts – 01732 350503.

Contact: Jeffrey Moys

Email: jeff@bracketts.co.uk

Contact: John Giblin

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