Key Features

  • • 2 storey retail unit with double shop frontage
  • • Full height windows
  • • Allocated external dining area
  • • Grade II Listed
  • • A3 Use Class

A rare opportunity to purchase or let a historic building under the Pantiles Clock in the centre of the Pantiles

Guide Price £395,000/Rent £25,000 plus VAT per annum

VIEWING: Strictly by appointment with the sole agent.

 

CONTACT: Ben Wombwell 01892 832325

 

EMAIL: ben.wombwell@lambertandfoster.co.uk

 

2 Storey retail unit with double shop frontage

Full height windows

Allocated external dining area

Grade II Listed

A3 Use Class Ground Rent income from 4 Leasehold flats amounting to £600 per annum

SITUATION: The property is located within a historic location in The Pantiles area of Tunbridge Wells. Tunbridge Wells has an extensive range of social, recreational and educational facilities within the Town and the property is located 5 minutes walk from Tunbridge Wells Railway Station which offers direct links to London in under an hour. Within The Pantiles there is a mixture of retail, cafes, restaurants and public houses. These premises are occupied mainly by local and independent retailers.

 

THE PROPERTY: A historic Grade II premises comprising a 2 storey retail unit with double shop frontage with full height windows and an allocated external dining area. The shop is situated centrally in the historic Pantiles Area of the old town of Tunbridge Wells. It is a landmark building with the Pantiles Clock directly above it and is located opposite the Tourist Information Centre. The premises can be accessed from either of its frontages on London Road or The Pantiles.

 

The ground floor provides a large split level retail area with separate kitchen and staff office. The basement provides staff and customer toilets and 5 rooms of ample storage.

 

The net internal area of the retail unit is approximately 1,500 sq ft. The property is Grade II Listed and there are 4 Leasehold flats to the upper parts of the building. The ground rents for the 4 Leasehold flats amount to £600 per annum while the Annual Service Charge is in the region of £4,000 to £5,000 per annum, of which the potential purchaser would be liable to pay approximately 3%.

 

METHOD OF SALE: The property will be sold on a Private Treaty basis.

 

LEASE TERMS: LEASE: 3-5 years tenure

 

RENT: £25,000 per annum, paid quarterly in advance.

 

PLANNING: The Property benefits from planning consent for A3 use.

 

SERVICES: Connected to the building are electricity, water, gas fired central heating.

 

EPC: F(129) rating

 

BUSINESS RATES: According to the VOA website, the rateable value is currently £24,750. If the building was vacant it may be eligible to rate relief as it is Grade II Listed.

 

ACCOMMODATION:Total gross internal floor area: 139.35m²/1,500ft² Measurements are approximate.

 

LEGAL FEES: Each party to pay their own legal costs.

 

PARTICULARS, PLANS AND SCHEDULES: The particulars and acreages stated therein, together with the plans are believed but not guaranteed to be correct. They are given by the Agents to assist viewers but are specifically excluded from any contract and prospective purchasers must satisfy themselves as to the information contained therein.

 

MONEY LAUNDERING REGULATIONSIn accordance with Money Laundering Regulations, we are now required to obtain proof of identification for all vendors and purchasers. You will need to supply information required for us to complete our identification checks which will include your date of birth, main residential address and a colour copy of your passport or photo driving licence.  Lambert & Foster apologise for any inconvenience this may cause, but it is a legal requirement.  Unfortunately, Lambert & Foster will not be able to conclude a sale on your behalf to any person or people who are unable to provide confirmation of identification. Note: Lambert & Foster currently employs the services of Smartsearch to verify the identity and address of vendors/ purchasers.

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Lambert & Foster themselves and the vendors and/or lessors of this property whose agents they are, give notice that:

  • The particulars are set out as a general outline only for guidance and do not constitute part of an offer or contract.
  • All descriptions, dimensions, references to condition and necessary permissions for the use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or presentations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. If there are any points which are of particular importance to you, please contact the office and we will be pleased to check the information, particularly if you are travelling some distance to view the property.
  • In accordance with the Property Misdescriptions Act 1991, we must advise that we have not tested any of the main services, various electrical or gas applicances and fixtures which may be referred to in these sales particulars. Any prospective purchasers are strongly advised to satisfy themselves that such are in working order.
  • No person in the employment of the Agents has any authority to make or give any representations or warranty whatever in relation to this property.