96 High Street Tonbridge Kent TN9 1AP

  • 96 High Street<br>Tonbridge<br>Kent<br>TN9 1AP

96 High Street
Tonbridge
Kent
TN9 1AP

Freehold Restaurant and Residential Investment

  • Ground floor restaurant with three flats above let on ASTs
  • Restaurant let until June 2026 (no breaks)
  • Excellent town centre location close to Waitrose, Pizza Express and J D Wetherspoon
  • Close to Tonbridge Castle in popular commuter town
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    43
  • Auction
    10th December 2015
  • Rent
    £78,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Restaurant and Residential Investment

  • Ground floor restaurant with three flats above let on ASTs
  • Restaurant let until June 2026 (no breaks)
  • Excellent town centre location close to Waitrose, Pizza Express and J D Wetherspoon
  • Close to Tonbridge Castle in popular commuter town
  • VAT-free investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 43
  • Auction 10th December 2015
  • Rent £78,000 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Restaurant
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
5 miles north of Tunbridge Wells,7 miles south-east of Sevenoaks, 30 miles south-east of Central London
Roads
A21, A26, M25
Rail
Tonbridge Railway Station
Air
Gatwick Airport
Situation

The property is situated on the western side of the High Street, the main retail thoroughfare in Tonbridge, opposite Medway Wharf Road. Nearby occupiers include Waitrose Supermarket, Peacocks, JD Wetherspoon, 99p Stores, Starbucks, Pizza Express, Monsoon, Boots Opticians and WH Smith. Tonbridge Castle is located a short walk away.

Tenure

Freehold.

Location
Miles
5 miles north of Tunbridge Wells,7 miles south-east of Sevenoaks, 30 miles south-east of Central London
Roads
A21, A26, M25
Rail
Tonbridge Railway Station
Air
Gatwick Airport
Situation

The property is situated on the western side of the High Street, the main retail thoroughfare in Tonbridge, opposite Medway Wharf Road. Nearby occupiers include Waitrose Supermarket, Peacocks, JD Wetherspoon, 99p Stores, Starbucks, Pizza Express, Monsoon, Boots Opticians and WH Smith. Tonbridge Castle is located a short walk away.

Tenure

Freehold.

Description

The property comprises a ground floor restaurant with three self-contained flats above arranged on the first, second and third floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor restaurant with three self-contained flats above arranged on the first, second and third floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reviews
Ground Restaurant
220.50 sq m
(2,373 sq ft)
SAPKOTA ENTERPRISE
LIMITED WITH A
PERSONAL GUARANTEE
(t/a Oriental Buffet Club)
(1)
25 years from
14/06/2001 until
13/06/2026
£54,000 08/06/2016
and five yearly
thereafter
First Residential One Bed Flat AN INDIVIDUAL 2 years from 01/09/2013
(holding over)
£8,100(2) -
Second Residential One Bed Flat AN INDIVIDUAL 1 year from 25/06/2014
(holding over)
£7,800(2) -
Third Residential One Bed Flat TWO INDIVIDUALS 1 year from 19/01/2015 £8,100(2)  
Total Commercial Areas  
220.50 sq m
(2,373 sq ft)
    £78,000  

(1) The vendor holds a 6 month rent deposit
(2)Please note these rents are annualised rents.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Barlow Robbins LLP 165 Church Street East
Woking
Surrey
GU21 6HJ
Graham Wilson 01483 748 533grahamwilson@barlowrobbins.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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