UNDER OFFER
38 High Street, Tunbridge Wells

38 High Street
Location Tunbridge Wells
Floor Area GF Approx. 897 sq ft [83.3 sq m]*

LGF Approx. 600 sq ft [55.7 sq m]*

*Important note - historic floor areas - to be confirmed following inspection and measurement.
Tenure Leasehold
Description Guide Rent 36,000 per annum exclusive.
VAT is applicable.
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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 and has a frequent train service to the capital (journey time of approximately 60 minutes min).

The property is situated on the western side of the High Street approximately 250 metres from the station.  Nearby occupiers include Caroline Charles, Mandarin Stone, David Clulow, The White Company, Feather & Black, Farrow & Ball and The Ivy together with a mix of local and independent retailers.

DESCRIPTION

Lock-up shop arranged over ground and Lower ground floors.

ACCOMMODATION

Ground Floor

Retail area approx. 897ft² [83.3m²]*

Lower Ground Floor

Stores approx. 600ft² [55.7m²]*

WC

* Important note - historic floor areas - to be confirmed following inspection and measurement.

LEASE

The premises are available by way of a new effective Full Repairing and Insuring lease for a term to be agreed.

The provisions of sections 24 - 28 inclusive of the Landlord and Tenant Act 1954 are to be excluded.

GUIDE RENT

£36,000 per annum exclusive - payable quarterly in advance on the usual quarter days.  VAT is  applicable.

The ingoing Tenant will be required to provide a rental deposit to be held throughout the Term.

BUSINESS RATES

Enquiries of the VOA website indicate that the property is described as “Shop and Premises” and has a Rateable Value of £31,500.

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.

LEGAL COSTS

Each party to pay their own legal costs save that the ingoing Tenant will be required to provide an undertaking to pay any abortive legal costs incurred by the 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