The premises are situated in the centre of the High Street, a well-established and popular retail environment favoured by specialist retailers such as fashion boutiques, jewellers, bespoke furniture retailers and a variety of A2 and A3 users.
Neighbouring occupiers include Sweaty Betty, Brora, Whistles and Cath Kidston.
Tunbridge Wells remains an important leisure and retail destination, with a higher than average proportion of Wealthy Achievers (source – latest census). Situated approx 40 miles SE of London there is a frequent train service with typical journey times of 55 minutes . The town is approximately 15 miles south of the M25 (Junc 5 – Sevenoaks), via the A21.
These premises comprise a unique double shop front and sales areas, with addition sales space on the raised and lower ground floor levels, along with changing rooms, stores, and ancillary space.
The premises have been subject to extensive refurbishment works and offer a “turnkey” opportunity for a retailer to commence trading immediately.
Ground Floor – Sales combined 321 sq ft
Raised Ground – Front Sales 226 sq ft
– Rear Sales 348 sq ft
Lower Ground – Sales 196 sq ft
Ancillary – 265 sq ft
Total net internal floor areas – 1356 sq ft (125.98 sq m)
Tenure / Terms
The existing salient lease terms are as follows:
Term – 15 years from 29th September 2009.
Rent – £30,000 per annum, exclusive of all other outgoings. The rent does not attract VAT.
Repairs – To keep in good and substantial repair and condition. Otherwise the lease is effectively full repairing and insuring, via a landlord’s service charge. The tenant has a 40% responsibility to the total costs.
Break Clauses – A tenant’s option to determine the lease on 29th September 2019, on providing a minimum of 6 months` notice.
Rent Reviews – 29th September 2019 and 29th September 2024.
Alienation – Ability to assign or underlet the whole premises only, and an assignment is to be subject to an Authorised Guarantee Agreement.
Premium offers for the leasehold interest are invited in excess of £50,000 plus VAT.
Durlings have the expertise and local knowledge to carry out commercial valuations. Durlings are also able to offer both landlords and tenants representation in rent review or lease renewal negotiations. Find out more
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22 Mount Ephraim Road,
Kent. TN1 1ED
t: 01892 552 500 | f: 01892 535 526