Let to Wagamama Limited until June 2038 (subject to option)
Substantial Restaurant of Approx. 8,108 sq. ft. (751.85 sq. m.)
Wagamama recently extended into 52 Mount Pleasant
Extensive frontage onto Mount Pleasant
Busy retailing position in affluent Royal Town
Nearby occupiers include Cote, Stonegate, Starbucks, Black Sheep Coffee and Sainsbury's
Lot 16
Auction 27th March 2025
Rent £125,000 per Annum
Status Available
Guide* £1,500,000
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 situated on the eastern side of Mount Pleasant Road, 125 metres from Tunbridge Wells Railway Station and adjacent to Calverley Grounds. The property also benefits from being situated opposite Paramount Place, a unique retirement community which will feature 166 residential properties, restaurants, cafes, spa and gym. Nearby occupiers include Cote, Stonegate, Starbucks, Black Sheep Coffee and Sainsbury's.
Tenure
Virtual Freehold. Held for a term of 999 years at a peppercorn ground rent.
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 situated on the eastern side of Mount Pleasant Road, 125 metres from Tunbridge Wells Railway Station and adjacent to Calverley Grounds. The property also benefits from being situated opposite Paramount Place, a unique retirement community which will feature 166 residential properties, restaurants, cafes, spa and gym. Nearby occupiers include Cote, Stonegate, Starbucks, Black Sheep Coffee and Sainsbury's.
Tenure
Virtual Freehold. Held for a term of 999 years at a peppercorn ground rent.
Description
The property comprises a substantial ground floor restaurant with ancillary accommodation on the basement, first and second floors.
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 a substantial ground floor restaurant with ancillary accommodation on the basement, first and second floors.
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
Gross Floor Areas Approx. sq. m.
Gross Floor Areas Approx. (sq. ft.)
Tenant
Term
Rent p.a.x.
Rent Review
Ground Basement First Second
Restaurant Ancillary Ancillary Ancillary
308.71 95.04 174.93 173.17
(3,323) (1,023) (1,883) (1,864)
WAGAMAMA LIMITED (1)
15 years from 08/06/2023 until 07/06/2038 (2)
£125,000
08/06/2028 08/06/2033
Total
751.85
(8,108)
£125,000
(1) Wagamama are a famous Asian restaurant chain trading from over 170 locations across the UK, for the year ending Wagamama Limited reported a Turnover of £459,322,000, a Pre-Tax Profit of £55,244,000 and a Net Worth of £48,983,000 (NorthRow 10/02/2025). (2) The lease provides a tenant option to determine on 01/11/2033.
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.
