Yard/Parking & 5d Cannon Bridge Industrial Estate, Cannon Lane, Tonbridge, Kent TN9 1PP

Location

Cannon Bridge industrial Estate is conveniently situated in the heart of Tonbridge`s industrial estate with easy access to the A21 (T), approximately 1 ¼ miles distant.

Description

Comprises a large open hard standing site, fenced and secured, of approximately 1 acre – (Promap), together with a vehicle workshop premises with inspection pit.

Floor Areas – Workshop

Main workshop area –                        2830 sq ft

Ancillary – offices, stores, etc –            1063 sq ft

Total –                                                   3893 sq ft (362 sq m)

Rent

Combined current rent of £39,771.84 per annum, exclusive of all other outgoings.

Lease Terms

Our client is seeking to assign both coterminous leases. Details of each as follows:-

Main Lease – 5d Cannon Bridge Industrial Estate, Tonbridge

Term – Lease commenced on the 2nd March 2013, and is for a period of 10 years and thus will expire on 1st March 2023.

Rent – £32,250 per annum exclusive of all other outgoings.

Rent Review – There is an upward only review at the end of the 5th year of the term.

Service Charge – Calculation based on 7.5% of the passing rent.

Insurance – Landlord insures and the tenant reimburses the premium.

Repairs – To keep the premises in good and substantial repair.  There is no schedule of condition attached to the lease.

User – Bus depot & parking and offices (defined individually with coloured plans)

Landlord & Tenant Act Protection – The lease is within the act and therefore protected.

 

Additional Lease – Land at Swanmead Lane, Cannon Lane Industrial Estate, Tonbridge

Term – Coterminous with the main lease and thus will expire on 1st March 2023.

Rent – Current rent is £ £7521.84 per annum exclusive of all other outgoings.

Rent Review – The rent is increased annually by indexation to the Retail Price Index.

Service Charge – Calculation based on 7.5% of the passing rent.

Insurance – Tenant currently insures within block policy.

Repairs – To keep the premises in good and substantial repair.  There is no schedule of condition attached to the lease.

User – Vehicle parking

Landlord & Tenant Act Protection – The lease is within the act and therefore protected.

Business Rates

Described as Workshop & Premises with a rateable value of £19,000.

Interested parties are advised to contact Tonbridge & Malling Council to establish the rates payable – 01732 844522.

Viewing Arrangements

Strictly by appointment and accompanied as the site is still in operation.

Important Note:

Subject to accounts & references. A rent deposit may be required.



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Property Status

TO LET

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Property Details

Location: Tonbridge
Description: Yard / Parking - 1 acre & workshop with ancillary offices - 3893 sq ft
Tenure: Leasehold
Price: £39,771.84 pax
Rates: RV - £19,000
Service Charge: 7.5% of passing annual rent
Terms: Coterminous leases for assignment

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