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AGENT'S DETAILS


138 and 138a London Road, Southborough Tunbridge Wells, Kent TN4 0PL

For sale: £350,000.00|1878 Sq Ft|Retail, Flat, General Retail, Retail - High Street, Restaurant/Cafes, Mixed Use, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£350,000.00
SIZE1878 Sq Ft
ADDRESS138 and 138a London Road, Southborough Tunbridge Wells, Kent TN4 0PL
TYPERetail, Flat, General Retail, Retail - High Street, Restaurant/Cafes, Mixed Use, Residential, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON22nd October 2020

DESCRIPTION

LOCATION

The property is situated in the centre of Southborough on the western side of the London Road opposite Yew Tree Road. Local shops include a pharmacy and several convenience food outlets.

Southborough is 2 miles north of Tunbridge Wells and the A21 is around a mile to the north and Tonbridge mainline station also around 2 miles away.

The new Southborough Hub centre opens in 2021 and comprises a new community facility and medical centre.


DESCRIPTION

Comprises a late Victorian two storey building with dormers within the roofspace, and is of part rendered brick below a slate roof. The accommodation provides a self contained three bedroom maisonette, a tenanted café and a vacant lock-up retail unit.

There is parking to the rear accessd via a narrow passageway between this and the next door property. Rights of way exist over this side passageway to a separate unit to the rear.

ACCOMMODATION

The accommodation is as follows:

138a: Vacant Ground Floor shop
Dimensions: 14 9’ x 15
Wc
Floor Area 221 sq ft (20.5 sq m).
138: Tenanted Café
Dimensions: 12 4’ widening to 16 9’ x 27 4’ deep
Floor area: 363 sq ft (33.7 sq m)
Stock room: 30 sq ft (2.8 sq m)
Kitchen: 184 sq ft (17 sq m)

Living accommodation
Ground floor
Rear access to stairs leading to:
First floor
Sitting room 13 4’ x 13 7’
Kitchen 10 x 13’ 10
Bedroom 12 x 13 6’
Bathroom with bath basin and wc
Second Floor
Bedroom 12’ 10 x 9 6’
Bedroom 12’ 10’x 9 6’

We estimate that the approx GIA of the living accommodation is 1080 sq ft (100 sqm)
Gas central heating is installed.

TENANCIES

138a is currently vacant. The Estimated ERV is £6,500-£7,000 per annum.

The cafe is let by way of an effective full repairing and insuring lease for a term of 10 years from 13.3.2020 expiring 12.3.2030 at £11,800 per annum. Rent is payable quarterly. The lease is on terms inside the Landlord and Tenant Act 1954.

The living accommodation is let by way of an Assured Shorthold Tenancy expiring 18.1.2021 at £890 pcm.

The total potential combined gross rent, once the vacant retail unit is let, could be approaching £30,000 per annum.

FOR SALE

Freehold for sale subject to the lease of the café and the AST and vacant possession of the retail unit. Price £350,000 subject to contract. NO VAT.

BUSINESS RATES

From the VOA website the property has the following assessments:

138 RV £7,200
138a RV £5,800

ENERGY PERFORMANCE CERTIFICATE

138 has a E 105 rating.
138a has a D 88 rating
The maisonette has a E 52 rating.

FOR FURTHER INFORMATION
Through sole agents
Bracketts – 01732 350503.

Contact:
Jeffrey Moys
Email: jeff@bracketts.co.uk

John Giblin
Email: john.giblin@bracketts.co.uk

October 2020

LOCATION

Location: 138 and 138a London Road, Southborough Tunbridge Wells, Kent TN4 0PL

High Brooms (0.8 miles)

Tunbridge Wells (1.7 miles)

Tonbridge (2.6 miles)

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