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.
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.
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.
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.
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.
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.
Our clients own the freehold interest.
Contact Rupert Cochrane – 01892 552500 / email@example.com
22 Mount Ephraim Road, Tunbridge Wells, Kent TN1 1ED www.durlings.co.uk
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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22 Mount Ephraim Road,
Kent. TN1 1ED
t: 01892 552 500 | f: 01892 535 526