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Marketed by

Cradick Retail logo

Lower Mall - SU19 Tunbridge Wells, TN1 2SS

Use Class

Use Class

E(a)

Size

Size

1,070 sq ft

Rent pa

Rent pa

£100,000

Market Sector

Market Sector

Shopping Centre

Key Features

  • Retailers in the near vicinity include Marks & Spencer, Boots, Superdrug & Sports Direct

  • Variety of boutique stores, markets, bars & restaurants

  • Scheme refurbishment beginning Q4 of 2019

  • 31 miles from London

Description

New Aspirational Shopping Destination

The subject property comprises of 1,070 sq ft.

Location

Tunbridge Wells is one of the most affluent shopping catchments in the country, located approximately 31 miles south east of Central London.

Royal Victoria Place is anchored by 90,000 sq ft flagship Fenwick and is already a thriving destination. The scheme is developing fast with a variety of boutique stores, markets, bars, restaurants and cafes.

Key Information

Viewing

Strictly by appointment.

Accommodation

1,070 Sq.Ft

The premises are arranged over the ground floor only.

Dimensions
Feet
Metres
Net Frontage
23.42
7.14
Return Frontage
44.09
13.44
Internal Width (max)
24.5
7.47
Shop Depth (Average)
49.99
15.24
Areas
Sq.Ft
Sq.M
Ground Floor Sales
1,188
110.36

Financial

Lease Type

New Lease

Lease Term

To be agreed.

Rent

Rent is exclusive of rates, insurance and VAT (if applicable).

Rates

Transitional phasing may apply. We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above. Interested parties are advised to make their own enquiries to the Local Authority.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service Charge

The estimated rate is £15,484 per annum.

Tenure

Leasehold

Rates

Rateable Year:
2018
Rateable Value:
£75,500.00
Rates payable:
£36,165.00
UBR:
47.9p/£

Sustainability

EPC available upon request.

This Property is Part of a Shopping Centre

Royal Victoria Place

Royal Victoria Place is a well established retail destination at the heart of Royal Tunbridge Wells. The centre is now under new management and is presenting a unique retail and leisure opportunity to trade alongside some of the country’s most established brands, at affordable levels. Offering a great range of high street retailers, top fashion brands, sporting goods, cafes, beauty outlets and boutique retailers; Royal Victoria Place is anchored by one of Fenwick’s nine UK stores, and is within one of the most affluent catchments outside of London.

Cradick RetailKnight Frank

Disclamier

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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