The bank comprises a basement vault, ground floor retail banking hall, and first floor ancillary and staff rooms. Tenure The property is held on an existing FRI lease due to expire 01/01/2027 at a passing rent of £26,450 per annum exclusive, with a break option scheduled for 01/01/2022. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £26,450 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £27,750 and the rates payable are £13,320 pa. The UBR for 2018/2019 is 48p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
Paddock Wood is a large town in the Borough of Tunbridge Wells and county of Kent in England, about 8 miles southwest of Maidstone. At the last census count, it had a population of 8,263. Other retailers in the vicinity are mainly independent local businesses. Barclays used to occupy a prominent unit on the parade.
Sizes and Measurements
DetailsRetail Ground Floor
Lease Information & Charges
- Prominent building
- Strong local district centre
- A3 option subject to planning