Commercial property for sale174 & 178 HIGH STREET, TONBRIDGE, KENT
- FOR SALE BY PUBLIC AUCTION AT The Clive Emson Conference Centre : 23-JUL-2012
- LOT NUMBER : 35
- PAIR OF RETAIL INVESTMENTS
- Commercial Investment
- Current Rental : £34,000 Per Annum
- GUIDE PRICE : £330,000 - £340,000
Full descriptionA pair of two retail units occupying the ground floor of this recently completed Wellington Place development scheme, situated to the northern end of the High Street close to the junction with Bank Street.
Each unit provides a main retail area with ancillary accommodation and a designated car parking space for each.
174 High Street
Let on a commercial lease for a term of 15 years from 10th May 2010 on effectively fully repairing and insuring terms at a current rental of £17,000 per annum with rent reviews every five years.
178 High Street
Let on a commercial lease for a term of 15 years expiring 25th October 2025 on effectively fully repairing and insuring terms at a current rental of £16,000 per annum, rising to £17,000 per annum on the third anniversary, with rent reviews every five years.
The shops are to be offered subject to a new 125 year ground lease at an initial ground rental of £250 per annum, doubling every 25 years.
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