|Floor Area||NIA Approx. 2,309sq ft [214.5sq m]|
|Description||Guide Rent £60,000 p.a.x.|
LOCATION / SITUATION
Royal Tunbridge Wells is an affluent and historic Spa town located approximately 35 miles south east of Central London. The Borough has a resident population of around 100,000 people.
The main arterial route to the north is via the A26 through Southborough linking with the A21 which serves the M25 at Junction 5. There is a main line station situated on Mount Pleasant Road with an average journey time of approximately one hour to the capital.
The property enjoys a prominent position on the eastern side of the High Street. Nearby occupiers include The Ivy, Susie Watson Designs, David Clulow, The White Company, Mappin & Webb, Mint Velvet, Farrow & Ball, Mandarin Stone, C.P. Hart, Caroline Charles, Anthropologie and a mix of local independent and A2/A3 traders.
An imposing Grade II listed three storey period building with retail sales on the ground and first floors and a self contained two bedroomed flat above.
*Our client has indicated that it may consider proposals from applicants who are seeking to rent the commercial element only - terms to be agreed.
Retail Sales Approx. 1,644ft2 [152.7m2]
Under stairs store Approx. 22ft2 [2.0m2]
Rear store Approx. 29ft2 [2.6m2]
Retail sales Approx. 578ft2 [53.6m2]
Kitchen Approx. 36ft2 [3.3m2]
Ladies & Gents WC
Self contained two bedroom flat (accessed from rear of property).
The premises are available by way of a new 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.
£60,000 per annum exclusive.
Rent payable quarterly in advance on the usual quarter days. VAT payable if applicable.
The ingoing Tenant will be required to provide a rental deposit to be held throughout the term.
Enquiries of the VOA website indicate that the property is described as “Shop and Premises” with a Rateable Value of £50,500. The Standard UBR for 2020 / 2021 is 51.2 pence in the £. The small business rates multiplier for 2020 / 2021 is 49.9 pence in the £.
Enquiries of the VOA website indicate that the flat falls within Band A For Council Tax.
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.
Bracketts Tunbridge Wells office
Phone (01892) 559507