|Floor Area||NIA Approx. 1528sq ft [141.9sq m]
|Description||Assignment of residue of existing lease
Passing Rent £23,250 p.a.x.
LOCATION / SITUATION
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 there is a frequent train service to central London (min. journey time of approximately 60 minutes).
The property is situated on the southern side of Calverley Road.
Second Floor office within multi-let town centre building.
Communal entrance hall and staircase leading to:
Main Office approx. 787ft2 [73.1m2]
Office / Meeting Room approx. 267ft2 [24.8m2]
Office / Breakout approx. 296ft2 [27.5m2]
Kitchen approx. 74ft2 [6.8m2]
Shared Ladies & Gents WC facilities
3 car parking spaces
The premises are available by way of an assignment of the residue of the existing lease.
The premises are held for a term of 10 years with 5 yearly rent reviews from September 2017 at a passing rent of £23,250 per annum exclusive.
We are advised that the rent will attract VAT.
The lease contains a mutual break option exercisable on 14 September 2022 subject to conditions.
The provisions of sections 24-28 inclusive of the Landlord & Tenant Act 1954 are excluded from the lease.
The ingoing Tenant will be required to provide a rental deposit.
The Landlord operates a service charge in respect of common and shared items - further information upon request.
Enquiries of the VOA website indicate that the suite is described as “Offices and Premises” and has a Rateable Value of £12,000. The Small Business Rates multiplier for 2020 / 2021 is 49.9 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 incurred in connection with the transaction.
Bracketts Tunbridge Wells office
Phone (01892) 559507