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Commercial property for sale

174 & 178 HIGH STREET, TONBRIDGE, KENT

From £330,000

Property Description

Key features

  • FOR SALE BY PUBLIC AUCTION AT The Clive Emson Conference Centre : 23-JUL-2012
  • LOT NUMBER : 35
  • PAIR OF RETAIL INVESTMENTS
  • Commercial Investment
  • Leasehold
  • Current Rental : 34,000 Per Annum
  • GUIDE PRICE : 330,000 - 340,000

Full description

A 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
Tenancy
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
Tenancy
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.

Tenure
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.


Leasehold Investment

More information from this agent

To view this property or request more details, contact:

Clive Emson Auctioneers, Maidstone

Rocky Hill, London Road, Maidstone, ME16 8PY

0845 850 0333 Local call rate

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Disclaimer

Property reference Auc155L35. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Clive Emson Auctioneers, Maidstone. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.