Leasehold Interest

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 purposes
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Location Description

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

Total Size

1,872sqft

Sales Area

1,502sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,502sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

170sqft

Status

Available

Available from

Immediately

Basement

Details

Non-Sales

Size

200sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease type

Assignment

For rent

£26,450/pa

UBR

48p

Ratable Value

£27,750.00

Business Rates

£13,320/pa

Specification

  • Prominent building
  • Strong local district centre
  • A3 option subject to planning

Floorplan

PETTS WOOD_50-52 COMMERCIAL RD

Photos

PADDOCK WOOD_ COMMERCIAL ROAD_ 50-52

Map Data
Map data ©2018 Google
Map DataMap data ©2018 Google
Map data ©2018 Google
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