|Floor Area||GIA approx. 1,783 sq ft [165.6 sq m]|
|Description||£24,000 per annum exclusive|
LOCATION / SITUATION
Tunbridge Wells is an affluent and historic Spa town situated approximately 35 miles south east of central London. The town is situated on the A26 which links via the A21 dual carriageway with Junction 5 of the M25 motorway and there is a frequent train service to the Capital.
The property occupies a prominent position on the corner of Grosvenor Road and Goods Station Road approximately 50 metres north of ‘Fiveways’ and the main entrance to the Royal Victoria Place Shopping Centre.
The premises comprise the first floor of Bayham House accessed via a self-contained recessed entrance on Goods Station Road. The office is predominantly open plan but incorporates a number of smaller partitioned offices.
The accommodation benefits from good natural light, fitted carpets, electric heating, door entry system, kitchen and ladies and gents wc’s.
Entrance and stairwell leading to:
Office with Kitchen and 2no. WC’s
GIA Approx. 1,783ft2 [165.6m2]
Our client is looking to dispose of the residue of its leasehold interest by way of an assignment.
The premises are held by way of an underlease dated 26th October 2018 for a term of three years from October 2018 at a passing rent of £24,500 per annum exclusive. The provisions of sections 24-28 inclusive of the Landlord & Tenant Act 1954 are excluded. A copy of the lease is available upon request.
We are advised that VAT is applicable.
Enquiries of the VOA website indicate that the property is described as “Office and premises” and has a Rateable Value of £21,500. The Standard UBR for 2019 / 2020 is 50.4 pence in the £.
Interested parties are strongly advised to make their own enquiries of the local Rating Authority to verify this information.
Both parties to be responsible for their own legal costs.
Bracketts Tunbridge Wells office
Phone (01892) 559507