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STORE
TUNBRIDGE WELLS
Vale Road, Kent, TN1 1BT
Substantial Retail Store TO LET (SHORT TERM LET AVAILABLE)
4,476 Sq m (48,178 Sq ft)
Location
The premises are situated at the junction of Vale Road and Station Approach, directly adjacent to Tunbridge Wells railway station.
A multi storey car park above the store, accessed via Vale Avenue off London Road, provides some 450 car parking spaces.
Description
The property comprises a substantial retail store arranged over ground and first floors with the benefit of 3 passenger lifts linking the store to the multi storey car park.
The loading bay is accessed from Station Approach.
Planning
The property benefits from Class A1 planning permission.
Rating
We are verbally advised the 2010 Rateable Value for the premises is £515,000, the UBR for 2010/2011 being 41.4p.
Interested parties are advised to make their own enquiries to the Local Authority for verification purposes.
VAT
All figures quoted are exclusive of Value Added Tax which will be charged at the prevailing rate.
Accommodation
The premises comprise the following approximate floor areas:
| Sq m | Sq ft | |
|---|---|---|
| Ground Floor | 3,319 | 35,722 |
| First Floor | 844 | 9,086 |
| Stairs & Lift Lobbies | 227 | 2,447 |
| Covered Loading Bay | 86 | 923 |
| Total Accommodation | 4,476 | 48,178 |
Note: The above areas have been calculated on an approximate gross internal basis and must be verified by the ingoing tenant.
Lease
The premises are held by way of a 35 year full repairing and insuring lease expiring 29 April 2021, subject to 5 yearly rent reviews at a current passing rental of £525,000 per annum exclusive. The next rent review is due 24 June 2011.
Terms
Our clients are seeking to dispose of their leasehold interest either by way of assignment or new sub-lease. We are also able to offer a short term let of the premises. Details upon application.
Viewing
Strictly by appointment through sole agents.
Contact
