50, High Street, Tenterden, Ashford, Kent TN30 6AR ... - OnTheMarket
FREEHOLD INVESTMENT SALE
50, High Street, Tenterden, Ashford, Kent TN30 6AR www.sibleypares.co.uk
01622 673086
[email protected]
50, High Street, Tenterden, Ashford, Kent, TN30 6AR 6AR Description
FREEHOLD INVESTMENT SALE Prime High Street Location
Location The property is located in the centre of the High Street of Tenterden, a successful market town in the hear of the Kentish Weald, approximately 20 miles south east of Tunbridge Wells, 19 miles south of Maidstone an 12.5 miles south west of Ashford. The town provides a wide range of amenities including Waitrose and Tesco supermarkets and a good mix of multiple and local retailers. Other multiple occupiers include Laura Ashley, Monsoon, Mint Velvet, Phase Eight and Crew. There is a good selection of pubs, restaurants and cafes including Costa Coffee, Caffe Nero, Prezzo and Café Rouge throughout the length of the High Street.
Prime High Street Location Let to William Charles Hairdressing Limited until 24th July 2019 Passing Rent £30,000 per annum Price: £510,000
50, High Street, Tenterden, Ashford, Kent TN30 6AR Accommodation
Terms
The property is a former Jail House, constructed around 1875 and is situated almost adjacent to the church. The property has return frontage from the High Street to Church Road and is very visible from the western end of the High Street. The property is currently let to a single tenant but the staircase to the first floor is adjacent to the High Street door making it very easy to become self-contained if upstairs were to be converted to a flat (subject to the existing tenancy and obtaining the necessary consents). The property is very well fitted out as a hair salon ad the accommodation is comprised as follows:
Tenancy - the entire property is let to William Charles Hairdressing Limited with Guarantors Paul Bull and Richard Hammond. It is let on a 15 year lease from 25th July 2004, expiring 24th July 2019. The current passing rent is £30,000 per annum.
Frontage
8.64
(28 ft 5'')
RV £18,250 @ 46.6p in the £
Return
4.06
(13ft 5'')
Rates payable £8,504 for the year 2017/18
Depth
6.94m
(22 ft 9'')
Ground Floor Retail
48.16 sq m
(518 sq ft)
First Floor Retail
53.77 sq m
(579 sq ft)
Price We are instructed by our client to seek offers in the region of £510,000 (five hundred and ten thousand pounds).
Total
Rateable Value
101.93 sq m (1,097 sq ft)
VAT We are advised that the property is not elected for VAT
Legal Costs Each side to bear its own legal and professional costs
EPC Awaited
Viewing/Enquiries Strictly by appointment with the Surveyor please contact Phil Hubbard E:[email protected] NOTE: Rental, prices or any other charges are inclusive of VAT unless otherwise stated. MISREPRESENTATION ACT 1967. These particulars are believed to correct, their accuracy cannot be guaranteed and are expressly excluded from any other contract. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. No fittings, appliances or services mentioned have been tested by Sibley Pares
1 Ashford Road, Maidstone, Kent, ME14 5BJ Maidstone (01622) 673086 Ashford (01233) 629281 Partners: Sarah Raggett, BSc (Hons) MRICS Phillip Hubbard, BA (Hons) MRICS Mark Presland, BSc MA MRICS Consultants: David Pares, MRICS Brian Matthews, MRICS CBuildE MCABE Sibley Pares Chartered Surveyors is a trading name of Sibley Pares LLP Registered in England and Wales No: OC400776. Registered office as above. VAT Reg No: 218 5130 30.
50, High Street, Tenterden, Ashford, Kent TN30 6AR www.sibleypares.co.uk
01622 673086
[email protected]
50, High Street, Tenterden, Ashford, Kent, TN30 6AR 6AR Description
FREEHOLD INVESTMENT SALE Prime High Street Location
Location The property is located in the centre of the High Street of Tenterden, a successful market town in the hear of the Kentish Weald, approximately 20 miles south east of Tunbridge Wells, 19 miles south of Maidstone an 12.5 miles south west of Ashford. The town provides a wide range of amenities including Waitrose and Tesco supermarkets and a good mix of multiple and local retailers. Other multiple occupiers include Laura Ashley, Monsoon, Mint Velvet, Phase Eight and Crew. There is a good selection of pubs, restaurants and cafes including Costa Coffee, Caffe Nero, Prezzo and Café Rouge throughout the length of the High Street.
Prime High Street Location Let to William Charles Hairdressing Limited until 24th July 2019 Passing Rent £30,000 per annum Price: £510,000
50, High Street, Tenterden, Ashford, Kent TN30 6AR Accommodation
Terms
The property is a former Jail House, constructed around 1875 and is situated almost adjacent to the church. The property has return frontage from the High Street to Church Road and is very visible from the western end of the High Street. The property is currently let to a single tenant but the staircase to the first floor is adjacent to the High Street door making it very easy to become self-contained if upstairs were to be converted to a flat (subject to the existing tenancy and obtaining the necessary consents). The property is very well fitted out as a hair salon ad the accommodation is comprised as follows:
Tenancy - the entire property is let to William Charles Hairdressing Limited with Guarantors Paul Bull and Richard Hammond. It is let on a 15 year lease from 25th July 2004, expiring 24th July 2019. The current passing rent is £30,000 per annum.
Frontage
8.64
(28 ft 5'')
RV £18,250 @ 46.6p in the £
Return
4.06
(13ft 5'')
Rates payable £8,504 for the year 2017/18
Depth
6.94m
(22 ft 9'')
Ground Floor Retail
48.16 sq m
(518 sq ft)
First Floor Retail
53.77 sq m
(579 sq ft)
Price We are instructed by our client to seek offers in the region of £510,000 (five hundred and ten thousand pounds).
Total
Rateable Value
101.93 sq m (1,097 sq ft)
VAT We are advised that the property is not elected for VAT
Legal Costs Each side to bear its own legal and professional costs
EPC Awaited
Viewing/Enquiries Strictly by appointment with the Surveyor please contact Phil Hubbard E:[email protected] NOTE: Rental, prices or any other charges are inclusive of VAT unless otherwise stated. MISREPRESENTATION ACT 1967. These particulars are believed to correct, their accuracy cannot be guaranteed and are expressly excluded from any other contract. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. No fittings, appliances or services mentioned have been tested by Sibley Pares
1 Ashford Road, Maidstone, Kent, ME14 5BJ Maidstone (01622) 673086 Ashford (01233) 629281 Partners: Sarah Raggett, BSc (Hons) MRICS Phillip Hubbard, BA (Hons) MRICS Mark Presland, BSc MA MRICS Consultants: David Pares, MRICS Brian Matthews, MRICS CBuildE MCABE Sibley Pares Chartered Surveyors is a trading name of Sibley Pares LLP Registered in England and Wales No: OC400776. Registered office as above. VAT Reg No: 218 5130 30.
