|Floor Area||Total NIA Approx. 893ft² [82.9m²]
|Description||Guide Rent £32,000 p.a.x.|
LOCATION / SITUATION
Royal Tunbridge Wells is an affluent and historic Spa town situated approximately 35 miles south east of central London with 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 central London (approximately 60 minutes).
The property is situated in a prominent corner position at the junction of High Street and Castle Street. The High Street is a well established and popular retail environment favoured by fashion retailers, jewellers, bespoke furniture retailers and a variety of A2 and A3 users. Nearby retailers include Anthropologie, Whistles, Sweaty Betty, Mint Velvet, CP Hart and G Collins Jewellers.
Double fronted ground floor shop with return frontage.
Retail Sales Approx. 674ft2 [62.6m2]
Kitchen Approx. 53ft2 [4.9 m2]
Stores/Office Approx. 166ft2 [15.4 m2]
TOTAL NIA Approx. 893ft² [82.9m²]
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.
£32,000 per annum exclusive.
Rent payable quarterly in advance on the usual quarter days
We are advised that the rent will attract VAT.
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 premises has a Rateable Value of £38,500. The small business rate 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 save that the prospective Tenant will be required to provide a solicitor’s undertaking to pay any abortive legal costs incurred by the Landlord.
Bracketts Tunbridge Wells office
Phone (01892) 559507