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For Rent£60,000.00 Per Annum

C1 & C2 Cannon Park, Transfesa Road Paddock Wood, Kent, TN12 6UF

Warehouse, Industrial, Offices, Office , 9050 Sq Ft
Property type: Warehouse, Industrial, Offices, Office
Tenure: Assignment
Size: 9050 Sq Ft
Rent: £60,000.00 Per Annum
Location: 1-2 Cannon Park, Transfesa Road, TN12 6UF

B1 & B8
BUSINESS UNIT
LEASE FOR ASSIGNMENT
9,050 SQFT (837 SQM)

LOCATION

Cannon Park is in the northern side of Transfesa Road, approximately 500 yards off the Maidstone Road and in a high profile position.

Paddock Wood is strategically located on the A228 between Tunbridge Wells around 6 miles to the south west and Maidstone around 6 miles to the north east. The M26, M20 and M25 motorways are 9 and 14 miles to the north respectively.

Paddock Wood town centre is within ¼ mile providing a range of local shops together with a mainline station serving London, Tonbridge and Ashford.

DESCRIPTION

Cannon Park was developed in 2006 and comprises two blocks of industrial/warehouse units with offices built to a high specification. Units C1 & C2 are attached and situated within the northern block fronting Transfesa Road.

The units are of conventional steel portal frame construction with cavity brick/block elevations with composite horizontal cladding above, all below a fully insulated roof incorporating double skin rooflights.

Loading is via two motor driven roller shutter loading doors, one of which is now not in use as extra offcies have been installed in front. The office accommodation is principally within C1 although some additional offices have been installed within C2. There is no dividing wall between the two units.

External areas are block paved and there are 16 dedicated car parking spaces allocated to C1 & C2.

SERVICES

All mains services are installed other than gas. Air conditioning is installed to the offices.

BUSINESS RATES

From the VOA website the combined units have a rateable value of £59,000 with a description of “Warehouse, offices and premises”.

SPECIFICATION

• Air conditioned offices
• Electric upper and over loading doors
• Three phase electrics
• Two tea making areas
• M/F wcs plus extra wcs in warehouse
• 16 car parking spaces

PLANNING CONSENT

Planning Consent was granted ref TW/05/00771. The authorised use is B1 Industrial or B8 Warehouse and Distribution.

TENANCY

The two units are held on two separate leases both held for a term expiring 8th July 2027 at a combined annual rent of £60,000 pa payable quarterly in advance plus VAT.

The two leases are on full repairing and insuring terms. Both are subject to upward only rent review and tenant only break clauses as at 9th July 2022 on 6 months’ notice.

The leases are available for assignment.

VAT

The property has been elected for VAT purposes and therefore VAT is payable on the rent.

RENT DEPOSIT

The ingoing tenant will be required to provide a rental deposit as security against the tenant’s compliance with all covenants under the lease.

LEGAL COSTS

Each party to bear own legal costs.

VIEWING

Strictly by appointment through sole agents Bracketts – 01732 350503.
Contact: Jeffrey Moys
Email: jeff@bracketts.co.uk

Contact: John Giblin
John.giblin@bracketts.co.uk

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