Long Leasehold Restaurant Investment
Long Leasehold Restaurant Investment
Royal Tunbridge Wells is an affluent and popular commuter town in the heart of Kent. The Pantiles is the historic centre of Tunbridge Wells featuring an eclectic mix of prestigious independent boutique retailers and busy market. The Julian Leefe-Griffiths, Tunbridge Wells Hotel is adjacent to the property and celebrity chef Rosemary Shrager opens a cookery school in the nearby Corn Exchange in Spring 2013. Restaurants and bars in the immediate area include The Grey Lady, Zapatas Mexican Restaurant, Maslala Indian Restaurant, La Casa Vecchia and The Ragged Trousers.
Long Leasehold. Held for a term of 125 years from completion of the sale at a rent reserved of £2,250 per annum.
Royal Tunbridge Wells is an affluent and popular commuter town in the heart of Kent. The Pantiles is the historic centre of Tunbridge Wells featuring an eclectic mix of prestigious independent boutique retailers and busy market. The Julian Leefe-Griffiths, Tunbridge Wells Hotel is adjacent to the property and celebrity chef Rosemary Shrager opens a cookery school in the nearby Corn Exchange in Spring 2013. Restaurants and bars in the immediate area include The Grey Lady, Zapatas Mexican Restaurant, Maslala Indian Restaurant, La Casa Vecchia and The Ragged Trousers.
Long Leasehold. Held for a term of 125 years from completion of the sale at a rent reserved of £2,250 per annum.
The property, an attractive period building, forms part of a larger Georgian/Victorian terrace. The property comprises a ground floor and upper ground floor restaurant/bar. The upper ground floor offers rear access to the busy London Road (A26).
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property, an attractive period building, forms part of a larger Georgian/Victorian terrace. The property comprises a ground floor and upper ground floor restaurant/bar. The upper ground floor offers rear access to the busy London Road (A26).
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground/ Upper Ground |
Restaurant/ Bar |
135.34 sq m 61.50 sq m |
(1,457 sq ft) (662 sq ft) |
WOODS RESTAURANT LTD (1) (2) |
55 years and 2 months from and including 25/07/1996 and expiring on 27/09/2051 on a full repairing and insuring lease |
£25,000 |
24/06/2016 and 5 yearly to open market rental value |
| Totals | 196.84 sq m |
(2,119 sq ft) |
£25,000 | ||||
(1) Woods Restaurant Limited was incorporated in 2006. (www.companieshouse.gov.uk 26/04/2013)
(2) Woods Restaurant Ltd took an assignment from Mr and Mrs Hammond subject to an AGA.
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