Tunbridge Wells is an attractive Spa town on the Kent/ Sussex border located approximately 30 miles south east of Central London. The town benefits from good road communications with the A21 dual carriageway providing access to Junction 5 of the M25 motorway approximately 14 miles to the north. In addition, the A26 provides a link to Brighton and Eastbourne to the south.
The town benefits from regular train services to London Charing Cross, Cannon Street, Waterloo East and London Bridge stations, with a fastest journey time of approximately 50 minutes. Gatwick Airport is approximately 20 miles to the west.
The subject property is located on Mount Pleasant Road in a prominent corner location, close to the retail core of the town, which is focused around Calverley Road and Royal Victoria Place Shopping Centre. Other occupiers in the immediate vicinity include Prezzo, Pret A Manger, The Body Shop and Metro Bank.
The accommodation is arranged to provide ancillary storage over the basement, first and second floors, with retail accommodation at ground floor level. The property forms part of the Tunbridge Wells Opera House, which is a well known Grade II listed building constructed in 1902.
The upper parts are currently not utilised by the tenant, and benefit from a separate access.
The use class of the first floor is currently (C3) residential. There is a lapsed planning permission and listed building consent for internal alterations to change use of first and second floors to 4 self-contained flats (03/01496/ LBC).
Lease to WH Smith Retail Holdings Limited (Co; 00471941) from 25th October 2011, expiring 26th October 2026. There is a tenant only break option on the 25th October 2021. The current rent passing is £87,500 per annum exclusive.
We have devalued the rent to reflect £86 Zone A. This is on the assumption of 5% addition for the return frontage, A/20 on the basement and first floor and A/40 on the second floor.
Offers in excess of £1.775m for the freehold interest.
Please note that the successful purchaser of this site will be responsible for our fees at a rate of 2% plus VAT of the eventual purchase price payable on completion of the transaction.
In addition, should the site be sold on to a third party, SJD will be retained at the same rate of 2% plus VAT.
All subsequent new homes sales will be sold through one of our associated offices.
Proprieter Stephen Donnelly Calverley House, 55 Calverley Road,
Tunbridge Wells, Kent TN1 2TU
Telephone 0845 456 8969 Mobile 0773 951 4350 Email firstname.lastname@example.org