Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
40 miles south of London, 11 miles south of Sevenoaks, 17 miles south-west of Maidstone
Roads
A21, A26, M25
Rail
Tunbridge Wells Railway Station
Air
London Gatwick Airport, London Heathrow Airport
Situation
Royal Tunbridge Wells is an affluent and popular commuter town approximately 40 miles south of Central London. The property is situated on the busy Mount Pleasant Road, some 50 metres north of Tunbridge Wells Railway Station and at its junction with Lonsdale Gardens. Nearby occupiers
include Russell and Bromley, Carluccio’s, Wagamama, Bang and Olufson, Strada and Sainsbury’s. The property benefits from being equidistant between the historic centre of The Pantiles and the Royal Victoria Shopping Centre and the pedestrian flow between the two.
Tenure
Freehold.
Location
Miles
40 miles south of London, 11 miles south of Sevenoaks, 17 miles south-west of Maidstone
Roads
A21, A26, M25
Rail
Tunbridge Wells Railway Station
Air
London Gatwick Airport, London Heathrow Airport
Situation
Royal Tunbridge Wells is an affluent and popular commuter town approximately 40 miles south of Central London. The property is situated on the busy Mount Pleasant Road, some 50 metres north of Tunbridge Wells Railway Station and at its junction with Lonsdale Gardens. Nearby occupiers
include Russell and Bromley, Carluccio’s, Wagamama, Bang and Olufson, Strada and Sainsbury’s. The property benefits from being equidistant between the historic centre of The Pantiles and the Royal Victoria Shopping Centre and the pedestrian flow between the two.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office accommodation
and benefits from a return frontage on to Lonsdale Gardens.
Six Week Completion
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 not applicable to this lot.
Viewings
There will be a single block viewing date for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Alec Linfield. Telephone: +44 (0)20 7034 4860.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with office accommodation
and benefits from a return frontage on to Lonsdale Gardens.
Six Week Completion
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 not applicable to this lot.
Viewings
There will be a single block viewing date for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Alec Linfield. Telephone: +44 (0)20 7034 4860.
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/(Reversion)
Ground
Banking Hall/ Ancillary
156.90 sq m
(1,689 sq ft)
ROYAL BANK OF SCOTLAND PLC (1)
15 years from 11/11/2005 on a full repairing and insuring lease
£81,000
11/11/2015 (10/11/2020)
Totals
156.90 sq m
(1,689 sq ft)
£81,000
(1) Royal Bank of Scotland has over 17 million customers in the UK and is the largest SME Bank in the UK with over 1.1 million customers (Source: www.rbs.com). The Royal Bank of Scotland plc is majority owned by the UK Government (www.investors.rbs.com) (2)The lease provides for a tenant option to determine the lease on 11th November 2015 on providing 6 months written notice. The Tenant has NOT exercised this break option and the notice period has now passed.