Former Auction Hall, Linden Park Road, The Pantiles, Tunbridge Wells, Kent TN2 5QL

Location

Linden Park Road borders the end of the historic Pantiles area of Tunbridge Wells, which boasts a wide range of retail and leisure facilities, and includes the award winning “Jazz on The Pantiles” evenings in the summer months.

This building is within 10 minutes’ walk of the town`s main line station.

Linden Park Road links to the Eridge Road / London Road (A26), which is the principal route through the town to the north, A21(T), and junction 5 of the M25, which is some 15 miles distant.

Description

The building comprises the former Auction Hall, originally constructed around the late 1980`s.

The building has planning consent for conversion to an office building to include a new mezzanine floor, the introduction of large window openings and the replacement of the feature glazed roof atrium.

Ref: TW/18/01928/FULL.

It is considered there is potential to extend the building further with a 2nd floor level – subject to all the necessary consents.

Floor Areas

Existing –

Ground Floor –                      2414 sq ft (224.3 sq m)

Mezzanine Floor –                 442 sq ft (41.1 sq m)

Total–                                    2856 sq ft (265.4sq m)

Proposed –

Ground Floor –                      2122 sq ft (197.18 sq m)

First Floor –                            1484 sq ft (137.84 sq m)

plus  –                                        804 sq ft (74.73 sq m) of which is below 4` 11” ( 1.5m) floor to ceiling height.

 

Total–                                    4410 sq ft (409.75 sq m)

Parking – 5 allocated spaces.

The property adjoins a Pay & Display car park.

Proposed Features –

  • Air Conditioning
  • Passenger Lift
  • Raised Floors
  • Parking

Rent

£90,000 per annum, exclusive of all other outgoings – based on pre-let.

Terms

A new lease, for a minimum period of 5 years, on full repairing and insuring terms is available by arrangement.

Otherwise a long leasehold interest is available to purchase – 117 years unexpired (peppercorn ground rent).

Price

Offers are invited in excess £1,000,000 for the long leasehold interest.

Business Rates

Current assessment has a Ratable Value of £16,000. Interested parties are advised to contact the Tunbridge Wells Borough Council to verify the amount payable – 01892 526121.

Service Charge

Details on application

Important Note:

Property Misdescriptions Act: See website: – durlings.co.uk

Details prepared: 24.09.19



Location


CALL US ON 01892 552 500

SHARE ON     

Register with us


Property Status

FOR SALE/TO LET

Property Downloads


Property Details

Location: Tunbridge Wells
Description: Either a long leasehold purchase of a single storey former auction hall, or a pre-let opportunity for a self contained office building over ground and mezzanine levels providing 4410 sq ft of space.
Proposed features include:-
Air Conditioning
Passenger Lift
Raised Floors
Feature Glazed Roof Atrium
On-site Parking
Size: Existing - 2856 sq ft - Proposed - 4410 sq ft
Tenure: Leasehold or Long Leasehold - 117 yrs approx.
Price: Price - Offers in excess of £1,000,000 or Pre-Let Rent - £90,000 pax
Rates: Current RV - £16,000
Service Charge: On application
Terms: New lease, for a minimum of 5 years, by arrangement or sale of long leasehold interest - 117 yrs.

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