Lot 9 details
6 Week completion
Located in a prominent position in the centre of this affluent town, 12 miles west of Tonbridge and 8 miles north-east of East Grinstead and within 14 miles of the M25.
Nearby multiple traders include Costa, Coral and Lloyds Bank and is directly opposite Eden Valley Museum.
An attractive corner building (ex-Bank) comprising a Ground Floor Take-Away with internal access to 2 Upper Floors used for preparation and staff areas. In addition, there is drive-in access to a private rear yard for parking a minimum of 5 vehicles.
Ground Floor Take-Away
Gross Frontage 30'0"
Internal Width 27'0"
Shop Depth 17'0"
Built Depth 40'7"
1 Office, 2 Store Rooms, 1 Prep Room, Cloakroom/WC
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease (subject to a schedule of condition) to DP Realty Limited (having 858 branches) (T/O for Y/E 25/12/16 £22.48m Pre-Tax Profit £2.13m and Shareholders' Funds £3.36m) for a term of 20 years from 25th November 2014 at a current rent of £14,500 per annum exclusive.
Rent Reviews 2019 and 5 yearly
Tenant's Break 2025
Note 1: The tenant has an option to renew the lease for a further 20 years from 2034.
Note 2: The property has been sublet to a franchise at £14,500 p.a.
Note 3: The Purchaser will receive a personal signed cricket bat by the Vendor, former England Cricketer Mark Ramprakash, following completion of the sale.