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AGENT'S DETAILS


BLOCK C, 1-7 CRABAPPLE ROAD, TONBRIDGE, KENT TN9 1FW

For sale: £450,000.00|To rent: ROA|3324 Sq Ft|Retail, Industrial, Offices, Office, General Retail, Trade Counter, Showroom, Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£450,000.00
TO RENTROA
SIZE3324 Sq Ft
ADDRESS1-7 Crabapple Road, TN9 1FW
TYPERetail, Industrial, Offices, Office, General Retail, Trade Counter, Showroom, Other, Other Property Types & Opportunities
TENURETo Let, For Sale Leasehold
POSTED ON7th July 2020

DESCRIPTION

LOCATION

The property is situated fronting the Cannon Lane (A26) the principal arterial road running through the town’s commercial and industrial estates just to the east of the town centre.

Thousands of vehicles pass along Cannon Lane/Vale Road on a daily basis and the scheme is immediately adjacent to a new retail park where occupiers include Halfords, M&S Simply Food, Go Outdoors, Costa, Home Bargains and Jollys Pet Foods. Opposite is a Macdonalds drive-thru.

Tonbridge has a resident district population of 115,000 and is a historic market town with a good range of private and public schools. The main retail centre is situated in the High Street around 400 yards to the west.

The town enjoys excellent communications with the A21 providing a dual-carriageway link to Junction 5 of the M25 around 8 miles to the north and there is a fast and frequent train service to central London stations from Tonbridge Station, around 0.5 miles away.

DESCRIPTION

The property comprises the ground floor commercial element of the Blossom Bank Scheme developed by Ward Homes providing around 132 apartments and houses.

The ground floor accommodation was previously occupied as a gym and comprises a gross internal floor area as follows:

3,324 sq. ft. (308.8 sq. m)

Block C has a frontage to both Cannon Lane and the River Medway.

8 car parking spaces are demised and the tenant has the use of the decked area to the front.

AMENITIES

Gas fired central heating to part
Male & female changing rooms/showers
8 car parking spaces
Good ceiling height
Attractive riverside frontage

LEASE TERM

The premises are available to be let on a new lease for a term by arrangement on an effective Full Repairing and Insuring lease basis.


TERMS

Leasehold

£45,000 per annum exclusive

Long leasehold sale

Offers in excess of £450,000 exclusive will be considered for the long leasehold interest, approximately 990 years, subject to contract.

USE

The unit currently has planning consent for use as a gym. The premises are considered to be suitable for alternative commercial uses including A1, A2, A3, B1, D1 and D2 use all subject to planning consent.

RATES

From the Valuation Office website, we understand the premises are described as a “gym and premises” with a current Rateable Value of £25,250. UBR 2019/20 being 50.4p in the £.

Interested parties are strongly advised to check the actual rates liability with the Local Authority direct.

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.

ENERGY PERFORMANCE CERTIFICATE

Has a C-rating.

LEGAL COSTS

Each party to be responsible for their own legal costs.

POSSESSION

Possession will be granted upon completion of the legal formalities or earlier by arrangement.

VIEWING

Strictly by appointment through sole agents:-

Bracketts – 01732 350503

Contact:

Jeffrey Moys

Email: jmoys@bracketts.co.uk

John Giblin

Email: john.giblin@bracketts.co.uk

LOCATION

Location: 1-7 Crabapple Road, TN9 1FW

Tonbridge (0.6 miles)

Hildenborough (2.7 miles)

Leigh (Kent) (3.2 miles)

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