FOR SALE OR TO LET
6 Castle Street, Tunbridge Wells

6 Castle Street
Location Tunbridge Wells
Floor Area NIA Approx. 929 sq ft [86.3 sq m]
Tenure Freehold / Leasehold
Description Guide Price: 245,000

Guide Rent: 15,000 per annum exclusive
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LOCATION / SITUATION

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

The town is situated on the A26 which links via the A21 dual carriageway with Junction 5 of the M25 Motorway.

Castle Street is an historic pedestrianised street which links High Street and London Road. The property affords easy access to Tunbridge Wells mainline train station, (typical journey time to central London of approximately 60 mins), as well as a wide range of local retail and leisure facilities.

DESCRIPTION

The premises comprise a period building arranged over 4 floors, with a small courtyard garden to the rear.  The upper ground level has a “retail” style frontage.  The Property is  likely to appeal to a wide range of users - subject to Planning, etc.

ACCOMMODATION

Ground Floor:

Front Office/Sales area: 174ft² [16.2m²]

Rear Office:                      71ft² [ 6.6m²]

WC  

Basement:

Store 1:                         163ft² [15.1m²]

Store 2:                          20ft² [  1.9m²]

First Floor:

Front Office:                 175ft² [16.2m²]

Rear Office:                    91ft² [  8.5m²]

Second Floor:

Front Office:                 174ft² [16.1m²]

Kitchen                          61ft² [  5.7m²]

                                   _____________

Total: NIA Approx.        929ft² [86.3m²]

AMENITIES:

·  Fully carpeted

·  Ladies and Gents WC’s

·  Kitchen

·  Courtyard garden

·  Period features

· Gas fired central heating (not tested)

TRANSACTION

Option 1 - Freehold with vacant possession.

Guide Price £245,000 (TWO HUNDRED AND FORTY FIVE THOUSAND POUNDS).

Option 2 - Lease

The premises are available by way of a new full repairing and insuring lease for a term to be agreed at a guide rent of £15,000 per annum exclusive.

The provisions of sections 24-28 inclusive of the Landlord and Tenant Act 1954 are to be excluded.  The ingoing Tenant will be required to provide a rental deposit.

We are advised that the sale price / rent will attract VAT.

BUSINESS RATES

Enquiries of the VOA website indicates that the property is described as ’Shop and Premises’ and has a Rateable Value of £7,100.

The Standard UBR for 2019 / 2020 is 50.4 pence in the £.

Subject to satisfying certain criteria the ingoing party 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.

LEGAL COSTS

Each party to pay their own legal costs save that the prospective Purchaser / Tenant will provide an undertaking to pay any abortive legal costs incurred by the Vendor / Landlord.

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For more information on this property, please contact:

Darrell Barber
Bracketts Tunbridge Wells office

Phone (01892) 559507

darrell@bracketts.co.uk