|Floor Area||GF Sales Approx. 633sq ft [58.8sq m] plus ancillaries on LGF, FF & SF|
|Description||Guide Rent £27,500 p.a.x.|
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 people.
The property is situated on the eastern side of Chapel Place close to both the High Street and historic Pantiles.
Chapel Place provides a distinctive pedestrianised shopping environment set amongst historic buildings. It is a focal point for specialist and independent retailers.
Grade II Listed town centre retail unit arranged over ground, lower ground, first and second floors.
Retail Sales approx. 633ft² [58.8m²]
Lower Ground Floor:
Store with WC approx. 99ft² [ 9.1m²]
Stores approx. 424ft2 [39.3m2]
Meter cupboard approx. 32ft2 [ 2.9m2]
Office / Stores approx. 320ft2 [29.7m2]
Stores approx. 351ft² [32.6m²]
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.
£27,500 per annum exclusive.
Rent payable quarterly in advance.
We are advised that VAT is not applicable.
The ingoing tenant will be required to provide a rental deposit to be held throughout the term.
Enquiries of the Valuation Office Agency website indicate that the property has a Rateable Value of £26,500.
The small business rates multiplier for 2020 / 2021 is 49.9 pence in the £.
Any Interested parties are strongly advised to verify this information with the Local Rating Authority.
Each party to pay their own legal costs incurred in connection with the transaction save that the proposed tenant will be required to provide a legal undertaking to pay any abortive legal costs incurred by the landlord.
Bracketts Tunbridge Wells office
Phone (01892) 559507