Ground floor and Basement let to Rohan Designs Limited
Includes a self-contained 4 bedroom flat
Residential redevelopment potential (subject to consents)
Affluent and popular commuter town
Opposite Royal Victoria Place Shopping Centre
Nearby occupiers include Marks & Spencer, BHS, Topshop/Topman, Boots the Chemist, Superdrug and Waterstones
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 1
Auction 11th February 2016
Rent £60,000 per Annum Exclusive
Status Sold
Price £1,150,000
Sector High Street Retail
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Insolvency Practitioners Deloitte
Property Information
Location
Miles
5 miles south of Tonbridge, 12 miles south of Sevenoaks, 35 miles south-east of London
Roads
A26, A21, M25 (Junction 5)
Rail
Tunbridge Wells Railway Station
Air
London Gatwick Airport, London Heathrow Airport
Situation
Royal Tunbridge Wells is an affluent and popular commuter town approximately 35 miles south-east of Central London. The property is prominently situated on the south side of pedestrianised Calverley Road, close to its junction with Monson and Camden Roads and opposite Royal Victoria Place Shopping Centre. Nearby occupiers include Marks & Spencer, BHS, Topshop/Topman, Boots the Chemist, Superdrug and Waterstones.
Tenure
Freehold.
Location
Miles
5 miles south of Tonbridge, 12 miles south of Sevenoaks, 35 miles south-east of London
Roads
A26, A21, M25 (Junction 5)
Rail
Tunbridge Wells Railway Station
Air
London Gatwick Airport, London Heathrow Airport
Situation
Royal Tunbridge Wells is an affluent and popular commuter town approximately 35 miles south-east of Central London. The property is prominently situated on the south side of pedestrianised Calverley Road, close to its junction with Monson and Camden Roads and opposite Royal Victoria Place Shopping Centre. Nearby occupiers include Marks & Spencer, BHS, Topshop/Topman, Boots the Chemist, Superdrug and Waterstones.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation in the basement (accessed via a trap door). The first, second and third floors comprise a self-contained 4 bedroom flat accessed from Newton Road to the rear.
Six Week Completion
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
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 applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation in the basement (accessed via a trap door). The first, second and third floors comprise a self-contained 4 bedroom flat accessed from Newton Road to the rear.
Six Week Completion
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
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 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
Review
Basement Ground
Ancillary Retail/Ancillary
45.52 sq m 104.33 sq m
(490 sq ft) (1,123 sq ft)
ROHAN DESIGNS LIMITED (1)
10 years from completion of the lease (2) (3)
£60,000 (3)
Fifth anniversary of the term
First, Second & Third
4 Bedroom Flat
Not Measured
VACANT POSSESSION
Total Commercial Area
149.85 sq m
(1,613 sq ft)
£60,000 (3)
(1) For the year ending 31st January 2015, Rohan Designs Limited reported a turnover of £27,252,000, pre-tax profits of £2,292,000 and a total net worth of £3,275,000. (Source: Experian Group 06/01/2016) (2) The lease is in solicitor’s hands and is due to complete imminently. (3) The lease will provide for a tenant option to determine on the 5th anniversary of the term, subject to 6 months’ prior written notice. The tenant is to benefit from a six month rent free period. The seller has agreed to adjust the completion monies so that the property will produce £60,000 p.a.x from completion.
