|Location||Bells Yew Green|
|Floor Area||NIA Approx. 590sq ft [54.8sq m]|
|Description||Residue of 999 year ground lease
Guide Price £160,000
Guide Rent £8,750 p.a.x.
LOCATION / SITUATION
The Brewery is an established business park located approximately 3 miles south east of Tunbridge Wells and approximately 0.5 miles west of Frant Station.
First floor office within a former brewery converted to create a number of office suites and business units. The premises benefit from a vaulted ceiling, tea point and electric heating.
Communal entrance hall and staircase leading to:
Suite B approx. 590ft² [54.8m²]
Right to park 2 cars (spaces not designated).
Residue of 999 year ground lease from 1st October 2005 at a rent of £200 per annum subject to review every 25 years - vacant possession.
Guide Price £160,000 (One Hundred and Sixty Thousand Pounds).
Option 2 - 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 & Tenant Act 1954 are to be excluded from the Lease.
Guide Rent - £8,750 per annum exclusive.
The rent is payable quarterly in advance on the usual quarter days.
The ingoing Tenant will be required to provide a rental deposit to be held throughout the Term.
SERVICE CHARGE / BUILDINGS INSURANCE
The Freeholder operates a service charge and insures the Building / Estate (subject to recovery provisions) - further information available upon request.
We are advised by our client that the sale price / rent will not attract VAT.
Enquiries of the VOA website indicate that the premises have a Rateable Value of £6,600. The small business rate multiplier for 2020 / 2021 is 49.9 pence in the £. Subject to satisfying certain criteria the ingoing occupier may qualify for Small Business Rates Relief. Interested parties are strongly advised to make their own enquiries of the Local Authority to verify this information.
Each party to pay their own costs incurred in connection with the transaction, save that the prospective Purchaser / Tenant will provide an undertaking to pay any abortive legal costs incurred by the Vendor / Landlord.
Bracketts Tunbridge Wells office
Phone (01892) 559507