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£510,000

50, High Street, Tenterden, Ashford, Kent, TN30 6AR

Full description

FREEHOLD INVESTMENT SALE Prime High Street Location

  • Prime High Street Location
  • Let to William Charles Hairdressing Limited until 24th July 2019
  • Passing Rent £30,000 per annum
  • Price: £510,000

  • 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.
  • Accommodation: 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: Frontage 8.64, (28 ft 5") Return 4.06, (13ft 5") 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) Total 101.93 sq m (1,097 sq ft)
  • Terms: 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.
  • Rent: We are instructed by our client to seek offers in the region of £510,000 (five hundred and ten thousand pounds)
  • Viewing: Strictly by appointment with the Surveyor please contact Phil Hubbard E:phubbard@sibleypares.co.uk
  • Legal Costs: Each side to bear its own legal and professional costs
  • Rateable value / Council Tax: RV £18,250 @ 46.6p in the £ Rates payable £8,504 for the year 2017/18
  • VAT: We are advised that the property is not elected for VAT
  • EPC: Rating E (114)

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