99/101 Mount Pleasant Road Royal Tunbridge Wells Kent TN1 1QG

99/101 Mount Pleasant Road
Royal Tunbridge Wells
Kent
TN1 1QG

Freehold Restaurant Investment

Let to Took Us A Long Time Limited (guaranteed by Tasty plc) until February 2036 (No breaks)
Entirely sublet to tenant trading as Havet (a Turkish Restaurant with 3 branches) until February 2036 (no breaks)
Entirely sublet at £130,000 pax
Approximately 4,239 sq ft
Close to Royal Victoria Place Shopping Centre
Nearby occupiers include Côte, Five Guys, Wagamama, Bill's, Starbucks, Pret A Manger, Caffè Nero, JD Wetherspoon, Fenwick, Tesco Express, Sainsbury's Local, Boots the Chemist and Superdrug

Lot
9
Auction
13th December 2023
Rent
£130,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Restaurant Investment

Let to Took Us A Long Time Limited (guaranteed by Tasty plc) until February 2036 (No breaks)
Entirely sublet to tenant trading as Havet (a Turkish Restaurant with 3 branches) until February 2036 (no breaks)
Entirely sublet at £130,000 pax
Approximately 4,239 sq ft
Close to Royal Victoria Place Shopping Centre
Nearby occupiers include Côte, Five Guys, Wagamama, Bill's, Starbucks, Pret A Manger, Caffè Nero, JD Wetherspoon, Fenwick, Tesco Express, Sainsbury's Local, Boots the Chemist and Superdrug

Lot 9
Auction 13th December 2023
Rent £130,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Restaurant
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 11 miles south of Sevenoaks, 30 miles north of Eastbourne, 40 miles south of London
Roads: A21, A26, A264, M25 (Junction 5)
Rail: Tunbridge Wells Railway Station (approx 40 mins to London Bridge)
Air: London Gatwick Airport, London Heathrow Airport

Situation

Tunbridge Wells is an affluent and popular commuter town in the heart of Kent. The property is prominently situated on west side of Mount Pleasant Road, close to Royal Victoria Place Shopping Centre. Nearby occupiers include Côte, Five Guys, Wagamama, Bill's, Starbucks, Pret A Manger, Caffè Nero, JD Wetherspoon, Fenwick, Tesco Express, Sainsbury's Local, Boots the Chemist and Superdrug.

Tenure

Freehold.

Location

Miles: 11 miles south of Sevenoaks, 30 miles north of Eastbourne, 40 miles south of London
Roads: A21, A26, A264, M25 (Junction 5)
Rail: Tunbridge Wells Railway Station (approx 40 mins to London Bridge)
Air: London Gatwick Airport, London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a restaurant arranged on the ground, basement, first and second floors. The property benefits from separate access to the upper floors from the front.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B

Description

The property comprises a restaurant arranged on the ground, basement, first and second floors. The property benefits from separate access to the upper floors from the front.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas (Approx sq ft)	Tenant	Term	Rent p.a.x.	Rent Review
Ground Basement First Second	Restaurant/Ancillary Ancillary Restaurant/Ancillary Ancillary	170.11 27.20 154.29 42.20	(1,831) (293) (1,661) (454)	TOOK US A LONG TIME LIMITED (guaranteed by TASTY PLC)(1)	30 years from 21/02/2006 on a full repairing and insuring lease	£130,000	21/02/2026 and 21/02/2031
Total		393.80	(4,239)			£130,000

(1) Tasty Plc and its subsidising trading company, Took Us A Long Time Ltd, is a branded restaurant operator in the UK casual dining market who operate under the Wildwood & Dim T restaurant brands and have 51 branches (as of July 2023). For the year to 12/2022, they reported a turnover of £44.0m and a pre-tax profit loss of £6.4m (Source NorthRow & www.dimt.co.uk). The property has been entirely sublet to ATM Catering (Tunbridge Wells) Ltd t/a Havet, at the passing rent. Havet is an authentic Turkish restaurant who have been established since 2012 and have been trading at the property since 2019. They currently trade from two other locations in Bromley and Tonbridge (www.havetrestaurant.com).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.