01892 552 500 01892 552 500Location
Cannon Bridge industrial Estate is conveniently situated in the heart of Tonbridge`s industrial estate with easy access to the A21 (T), approximately 1 ¼ miles distant.
Description
Comprises a large open hard standing site, fenced and secured, of approximately 1 acre – (Promap), together with a vehicle workshop premises with inspection pit.
Floor Areas – Workshop
Main workshop area – 2830 sq ft
Ancillary – offices, stores, etc – 1063 sq ft
Total – 3893 sq ft (362 sq m)
Rent
Combined current rent of £39,771.84 per annum, exclusive of all other outgoings.
Lease Terms
Our client is seeking to assign both coterminous leases. Details of each as follows:-
Main Lease – 5d Cannon Bridge Industrial Estate, Tonbridge
Term – Lease commenced on the 2nd March 2013, and is for a period of 10 years and thus will expire on 1st March 2023.
Rent – £32,250 per annum exclusive of all other outgoings.
Rent Review – There is an upward only review at the end of the 5th year of the term.
Service Charge – Calculation based on 7.5% of the passing rent.
Insurance – Landlord insures and the tenant reimburses the premium.
Repairs – To keep the premises in good and substantial repair. There is no schedule of condition attached to the lease.
User – Bus depot & parking and offices (defined individually with coloured plans)
Landlord & Tenant Act Protection – The lease is within the act and therefore protected.
Additional Lease – Land at Swanmead Lane, Cannon Lane Industrial Estate, Tonbridge
Term – Coterminous with the main lease and thus will expire on 1st March 2023.
Rent – Current rent is £ £7521.84 per annum exclusive of all other outgoings.
Rent Review – The rent is increased annually by indexation to the Retail Price Index.
Service Charge – Calculation based on 7.5% of the passing rent.
Insurance – Tenant currently insures within block policy.
Repairs – To keep the premises in good and substantial repair. There is no schedule of condition attached to the lease.
User – Vehicle parking
Landlord & Tenant Act Protection – The lease is within the act and therefore protected.
Business Rates
Described as Workshop & Premises with a rateable value of £19,000.
Interested parties are advised to contact Tonbridge & Malling Council to establish the rates payable – 01732 844522.
Viewing Arrangements
Strictly by appointment and accompanied as the site is still in operation.
Important Note:
Subject to accounts & references. A rent deposit may be required.
