13 Quarry Hill Road, Tonbridge, Kent TN9 2SP
£200.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,550 sq ft
144 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Key features
- Comprises double fronted ground floor shop with ancillary at basement
- VAT is NOT applicable to this property
- Let to a Post Office operator on a new lease until 2043. Rent reviews every 5 years.
- Located within 100 meters of Tonbridge Station with occupiers nearby including Lidl and more.
Description
Gross Initial Yield: 7.18%
Rental Income: £22,250 p.a.
VAT is NOT applicable to this property
Comprises double fronted ground floor shop with ancillary at basement
Let to a Post Office operator on a new lease until 2043. Rent reviews every 5 years.
Lease has two personal guarantors and rent deposit held of £5,562.50.
Located within 100 meters of Tonbridge Station with occupiers nearby including Lidl and more.
Property Description:
The property comprises double fronted ground floor shop with ancillary accommodation at basement, providing the following accommodation and dimensions:
No. 13 Quarry Hill Road
Ground Floor: Open plan retail, Kitchenette
Basement: Ancillary, Storage
Total area: 144 sq m (1,550 sq ft)
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenancy:
The property is let to SWASAM Ltd with two personal guarantors t/a Post Office for a term of 20 Years from 14th November 2023 at a current rent of £22,250 p.a. and the lease contains full repairing and insuring covenants. Rent reviews every fifth year. Tenant option to determine on 14.11.38 with min 6 months notice. Deposit held of £5,562.
Location:
Tonbridge is a thriving market town with a resident population of approximately 40,000. The town offers an excellent range of retail and leisure facilities with many High Street stores, banks and building societies, together with a selection of coffee shops, restaurants and local pubs. It boasts a fine example of a 'Motte and Bailey' castle built in the 13th century, set on the banks of the river Medway. The property is situated on the Western side of Quarry Hill Road at the southern end of the town within 100m of Tonbridge Station. Nearby commercial occupiers Lidl, McColls and a range of local occupiers and retailers.
Brochures
13 Quarry Hill Road, Tonbridge, Kent TN9 2SP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Tonbridge Station0.1 miles
- Hildenborough Station2.4 miles
- Leigh Station2.6 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
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