15-17, Vale Road, Tunbridge Wells, Kent TN1 1BS

Description

Description
A period building in the town`s conservation area, arranged over lower ground,
raised ground, first, second and roof space.
The ground, lower ground and integral first floor is occupied by a letting agent.
The second floor and roof space is self-contained and occupied as offices by a
separate company.
The property offers future potential for the conversion of the upper parts, and
lower ground floor, to residential, whilst benefiting from continued commercial
rental income.

Floor Areas
Retail
Ground Floor - 531 sq ft (49.30 sq m)
Lower Ground - 167 sq ft 1(15.50 sq m)
Offices
First - Front - 268 sq ft (24.90 sq m)
First - Rear - 172 sq ft (16.00 sq m)
Second - 461 sq ft (42.80 sq m)
Roof Space (store) - 147 sq ft (13.70 sq m)

Total approximate net internal floor area - 1746 sq ft (162.20 sq m)

*Note: - VOA areas - we would advise that interested parties check these directly on site prior to a purchase.

Tenancies
The ground, lower ground and first floors are occupied by Belvoir Letting agents, where the tenancy is held by Dimittere Ltd.
The lease is for a term of 10 years from 23rd January 2018. The current rent is £17,000 per annum, exclusive of all other outgoings. The lease is protected under the Landlord & Tenant Act 1954.
The second and roof space is occupied by Joust Digital Ltd where the lease expired on 30th September 2026. This lease had been excluded from the security of tenure provisions of The Landlord & Tenant Act 1954 part II. The tenant pays an annul rent of £1800 per annum exclusive of all other outgoings.