21 High Street, TN16

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Key Points

Summary

An attractive High Street retail investment in the historic town of Westerham.

Description

The property comprises a period two storey retail unit with a vaulted ceiling to the first floor room, and a ground floor sales area with a double fronted window display. The shop also benefits from a small lean-to area to the rear, together with a cloakroom. Steps provide access to a rear garden extending to approximately 30ft x 12ft.

Location

The property is situated on the busy High Street (A25) in the centre of the historic and affluent town of Westerham. Other nearby retailers include the Co-op, Hospice in the Weald, Nationwide Building Society & Costa Coffee. The town is also home to a number of established lifestyle businesses, as well as an array of highly acclaimed restaurants.

Accommodation

The unit has the following approximate floor areas:

Ground Floor Sales Area: 192 sq ft
Rear Storage: 53 sq ft
Lean-To Storage: 73 sq ft
First Floor: 204 sq ft

TOTAL: 522 sq ft

Tenancy

The property is let to Gaia Homeware Limited on a full repairing and insuring lease for a term of 5 years from 18 October 2021 at a passing rent of £12,750 per annum exclusive. Further details of the lease terms are available on request.

The two directors of the tenant act as guarantors to the lease and the tenant has also provided the landlord with a 3 month rent deposit.

Price

£180,000 subject to contract and the existing tenancy.

Legal Costs

Each party to pay their own legal costs.