Comprises a large open hard standing site, fenced and secured, of approximately 1 acre - (Promap), together with a vehicle workshop premises with inspection pit.
Floor Areas - Workshop
Main workshop area - 2830 sq ft
Ancillary - offices, stores, etc - 1063 sq ft
Total - 3893 sq ft (362 sq m)
Rent
Combined current rent of £39,771.84 per annum, exclusive of all other outgoings.
Lease Terms
Our client is seeking to assign both coterminous leases. Details of each as follows:-
Main Lease - 5d Cannon Bridge Industrial Estate, Tonbridge
Term - Lease commenced on the 2nd March 2013, and is for a period of 10 years and thus will expire on 1st March 2023.
Rent - £32,250 per annum exclusive of all other outgoings.
Rent Review - There is an upward only review at the end of the 5th year of the term.
Service Charge - Calculation based on 7.5% of the passing rent.
Insurance - Landlord insures and the tenant reimburses the premium.
Repairs - To keep the premises in good and substantial repair. There is no schedule of condition attached to the lease.
User - Bus depot & parking and offices (defined individually with coloured plans)
Landlord & Tenant Act Protection - The lease is within the act and therefore protected.
Additional Lease - Land at Swanmead Lane, Cannon Lane Industrial Estate, Tonbridge
Term - Coterminous with the main lease and thus will expire on 1st March 2023.
Rent - Current rent is £ £7521.84 per annum exclusive of all other outgoings.
Rent Review - The rent is increased annually by indexation to the Retail Price Index.
Service Charge - Calculation based on 7.5% of the passing rent.
Insurance - Tenant currently insures within block policy.
Repairs - To keep the premises in good and substantial repair. There is no schedule of condition attached to the lease.
User - Vehicle parking
Landlord & Tenant Act Protection - The lease is within the act and therefore protected.
Business Rates
Described as Workshop & Premises with a rateable value of £19,000.
Interested parties are advised to contact Tonbridge & Malling Council to establish the rates payable - .
Viewing Arrangements
Strictly by appointment and accompanied as the site is still in operation.
Important Note:
Subject to accounts & references. A rent deposit may be required.
Property Details
Location: Tonbridge
Description: Yard / Parking - 1 acre & workshop with ancillary offices - 3893 sq ft
Tenure: Leasehold
Price: £39,771.84 pax
Rates: RV - £19,000
Service Charge: 7.5% of passing annual rent
Terms: Coterminous leases for assignment
Listed Features
- Office
- Parking
- Storage
- Inspection Pit