The Regent, The Broadway, Crowborough, East Sussex TN6 1DA

Location

Located in the centre of Crowborough close to the junction of the High Street with Croft Road.

There are a wide range of retail facilities on hand, and the property is a short walk to Waitrose Supermarket.

The closest main line train station is located at Jarvis Brook being 1.5 miles distant via Crowborough Hill.

Description

The building comprises, ground, basement, and 3 upper floors, together with a separate parking area for at least 20 cars. The upper floors comprise self-contained office / leisure space, totaling a gross internal area of approximately 10,398 sq ft (966 sq m).

The ground and basement level have the following areas:

Ground –               2,607 sq ft (242.2 sq m)

Basement –            1,508 sq ft (140.1 sq m)

*These areas have been taken for the VOA website and subject to verification.

The property has planning consent to convert the upper floors into 10 apartments under planning reference WD/2017/0323/MAJ.

Proposed Accommodation

Floor                       Unit no.                  Accommodation                  sq m       sq ft       

1st                           1                            Studio                                   49.3         531

1st                           2                            1 bedroom                           72.8         784

1st                           3                            1 bedroom                           90.6         975

1st                           4                            2 bedroom                           87.7         944

2nd                          5                            Studio                                   49.3         531

2nd                          6                            1 bedroom                           72.8         784

2nd                          7                            1 bedroom                           90.6         975

2nd                          8                            2 bedroom                           87.7         944

3rd                          9                            2 bedroom                           76.2         820 (above 1.5m height)

3rd                          10                           3 bedroom                           113.0       1216 (above 1.5m height)

790          8504 (GIA)

Full plans available on request.

Planning Contributions

There is a Community Infrastructure Levy (CIL) obligation with a SANGS and/or SAMMS payment, in relation to the protection of the Ashdown Forest, which requires a combined payment of £152,861.54 as a condition of the planning consent.

Further details available on request.

Occupational Lease

The ground and basement are occupied by Lloyds Bank Plc on a full repairing and insuring basis, for a term of 10 years from 24th June 2015. The current rent is £37,000 per annum, exclusive of all other outgoings. There is a rent review due on the 24th June 2020.

There was a Deed of Variation entered into on the 31st May 2018, removing a break clause in lieu of a rent free period till 24th December 2018.

The lease and Deed of Variation are available on request.

 Price

Offers are being sought in excess of £1,550,000 for the freehold interest, subject to the occupational lease.

Alternatively consideration will be given to a sale of the upper parts & car park, only, with offers in excess of £975,000 being sought.

The purchase price will not attract VAT.

Tenure

Our clients own the freehold interest.

Further Details

Contact Rupert Cochrane – 01892 552500 / rupert.cochrane@durlings.co.uk

22 Mount Ephraim Road, Tunbridge Wells, Kent TN1 1ED   www.durlings.co.uk

 



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Property Status

FOR SALE

Property Downloads


Property Details

Location: Crowborough
Description: An existing period mixed use building with planning consent to convert the upper floors to provide 10 apartments, with designated parking close by.
The ground floor and basement are currently occupied by Lloyds Bank Plc under an occupational lease till 24th June 2025.
Size: 14,513 sq ft
Amenities: Town Centre position
Tenure: Freehold
Price: Guide Price - Offers sought in excess of £1,550,000
Rates: n/a
Service Charge: n/a
Terms: Freehold - or consideration will be given to a sale of the upper parts and car park, only.

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

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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