La Follia, 3b Monson Road, Tunbridge Wells, Kent TN1 1LS

Location

A centrally located restaurant, close to Calverley Road and The Royal Victoria Place Shopping Centre. Monson Road is a busy pedestrian thoroughfare connecting Mount Pleasant Road and Calverley Road, and serving the Crescent Road multi storey car park.

Other nearby occupiers in the road include: Blacks, Rymans, Ask Italian, Johnsons, Cook and Lakeland.

Description

A small restaurant premises situated in a busy retail parade, comprising an open plan front seating area, with 22 covers, and an “open” kitchen beyond.

There is a side corridor serving a rear WC.

The current license allows opening times between 6.30am to 12.30am.

The sale will include all current fixtures, fittings and equipment (except a few personal items – details on request).

Floor Areas

Restaurant –                          22.04 sq m (237 sq ft)

Kitchen –                               14.88 sq m (160 sq ft)

Total useable space –           36.92 sq m (397 sq ft)

Tenure

Leasehold.

The salient lease terms are as follows:-

Lease Term – Until 26th October 2019 – The lease has security of tenure protection under The Landlord & Tenant Act 1954 part II, with statutory rights for the tenant to renew.

Current Rent – £17,500 per annum, exclusive of all other outgoings and subject to VAT.

Repairs – To keep the internal area in keep in good repair and condition.

Alienation – Ability to assign or underlet the whole premises.

Use – A3 Restaurant or A1 Retail

Price

Offers invited in the region of £30,000 for the leasehold interest, fixture, fittings and equipment.

Business Rates

The rateable value is £16,750. Interested parties should clarify the rates payable directly with the local authority – 01892 526121

Service Charge

Details on application.

Legal Costs

Each party to ultimately be responsible for their own costs, with those of the landlords being shared equally. An abortive undertaking shall be required for all costs from the prospective purchaser / tenant.

Viewing Arrangements

Strictly by appointment and accompanied as the business is trading.

  • Subject to contract.
  • Subject to receipt of accounts and references.
  • A rent deposit may be required.


Location


CALL US ON 01892 552 500

SHARE ON     

Register with us


Property Status

TO LET

Property Downloads


Property Details

Location: Tunbridge Wells
Description: A fully fitted restaurant lease for sale.
22 covers.
Town centre location.
Size: 397 sq ft
Tenure: Leasehold
Price: Rent - £17,500 pax. Price - Offers in the region of £30,000 for the fixtures, fittings, equipment and leasehold interest.
Rates: RV - £16,750
Service Charge: On application
Terms: Sale of leasehold interest & fixtures, fittings and equipment.

Professional Services

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

Sign up to our newsletter

Receive our newsletter and email alerts for new properties, developments opportunities and investments. Click here to sign up

Contact us

22 Mount Ephraim Road,
Tunbridge Wells,
Kent. TN1 1ED

t: 01892 552 500 | f: 01892 535 526
e: office@durlings.co.uk

01892 552 500