60 Calverley Road Tunbridge Wells Kent TN1 2DT

60 Calverley Road
Tunbridge Wells
Kent
TN1 2DT

Freehold Retail and Residential Investment

  • Ground floor and Basement let to Rohan Designs Limited
  • Includes a self-contained 4 bedroom flat
  • Residential redevelopment potential (subject to consents)
  • Affluent and popular commuter town
  • Opposite Royal Victoria Place Shopping Centre
  • Nearby occupiers include Marks & Spencer, BHS, Topshop/Topman, Boots the Chemist, Superdrug and Waterstones
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    1
  • Auction
    11th February 2016
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,150,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Ground floor and Basement let to Rohan Designs Limited
  • Includes a self-contained 4 bedroom flat
  • Residential redevelopment potential (subject to consents)
  • Affluent and popular commuter town
  • Opposite Royal Victoria Place Shopping Centre
  • Nearby occupiers include Marks & Spencer, BHS, Topshop/Topman, Boots the Chemist, Superdrug and Waterstones
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 1
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £1,150,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte

Property Information

Location
Miles
5 miles south of Tonbridge, 12 miles south of Sevenoaks, 35 miles south-east of London
Roads
A26, A21, M25 (Junction 5)
Rail
Tunbridge Wells Railway Station
Air
London Gatwick Airport, London Heathrow Airport
Situation

Royal Tunbridge Wells is an affluent and popular commuter town approximately 35 miles south-east of Central London. The property is prominently situated on the south side of pedestrianised Calverley Road, close to its junction with Monson and Camden Roads and opposite Royal Victoria Place Shopping Centre. Nearby occupiers include Marks & Spencer, BHS, Topshop/Topman, Boots the Chemist, Superdrug and Waterstones.

Tenure

Freehold.

Location
Miles
5 miles south of Tonbridge, 12 miles south of Sevenoaks, 35 miles south-east of London
Roads
A26, A21, M25 (Junction 5)
Rail
Tunbridge Wells Railway Station
Air
London Gatwick Airport, London Heathrow Airport
Situation

Royal Tunbridge Wells is an affluent and popular commuter town approximately 35 miles south-east of Central London. The property is prominently situated on the south side of pedestrianised Calverley Road, close to its junction with Monson and Camden Roads and opposite Royal Victoria Place Shopping Centre. Nearby occupiers include Marks & Spencer, BHS, Topshop/Topman, Boots the Chemist, Superdrug and Waterstones.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement (accessed via a trap door). The first, second and third floors comprise a self-contained 4 bedroom flat accessed from Newton Road to the rear.

Six Week Completion

Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement (accessed via a trap door). The first, second and third floors comprise a self-contained 4 bedroom flat accessed from Newton Road to the rear.

Six Week Completion

Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Basement
Ground
Ancillary
Retail/Ancillary
45.52 sq m
104.33 sq m
(490 sq ft)
(1,123 sq ft)
ROHAN
DESIGNS
LIMITED (1)
10 years from
completion of the
lease (2) (3)
£60,000 (3) Fifth
anniversary
of the term
First, Second & Third 4 Bedroom Flat
Not Measured
VACANT POSSESSION      
Total Commercial Area
149.85 sq m
(1,613 sq ft)
    £60,000 (3)

(1) For the year ending 31st January 2015, Rohan Designs Limited reported a turnover of £27,252,000, pre-tax profits of £2,292,000 and a total net worth of £3,275,000. (Source: Experian Group 06/01/2016)
(2) The lease is in solicitor’s hands and is due to complete imminently.
(3) The lease will provide for a tenant option to determine on the 5th anniversary of the term, subject to 6 months’ prior written notice. The tenant is to benefit from a six month rent free period. The seller has agreed to adjust the completion monies so that the property will produce £60,000 p.a.x from completion.

Property Documents

  • Site Plan
    Updated Date
    30.10.19
    File Size
    100 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    753 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Olswang LLP 2nd Floor, The Blade Abbey Square
Reading
RG1 3BE
Carol Griffin 0207 071 7357carol.griffin@olswang.com  Lia Machado 020 7071 7308lia.machado@olswang.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now