A Substantial Commercial Investment Let to Bank of Scotland Plc Currently Producing £195,000 Per Annum Reducing to £115,000 Per Annum from 29th September 2025.

The property comprises a lower ground and ground floor double fronted retail unit measuring approximately 316 sq m (3, 400 sq ft) forming part of a mid terrace building arranged over lower ground, ground and two upper floors.

Tenure

Long Leasehold/Virtual Freehold. The property is held on a new 999 year lease.

Location

The property occupies a prominent position on a pedestrianised road within a popular retail area. Nearby multiples include Card Factory, Boots Opticians, Marks & Spencer and Waterstone's. The open spaces of Calberley Grounds are within easy reach. Transport links are provided by Tunbridge Wells rail station.

Accommodation

Lower Ground Floor Ancillary Space GIA 59 sq m (634 sq ft) Ground Floor Retail Unit GIA 200 sq m (2,154 sq ft)

Tenancy

The property is subject to a new lease to Bank of Scotland Plc (t/a Halifax) for a term of 3 years commencing April 2025 at a rent of £195,000 per annum until 29th September 2025. The rent will then be £115,000 for the remainder of the term.

The seller has advised that the property has been trading as a Halifax bank for over 35 years.

Further Information

The first and second floors including the freehold are being offered as a separate lot on July 3rd but is available for purchase prior to auction.

VAT

VAT is applicable (TOGC available)

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.