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
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Status Withdrawn Post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
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.
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.
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.
