Retail Investment Opportunity in Tenterden

No 94+No 94 2nd Floor

High Street Tenterden Kent TN30 6JB

Investment Property For Sale: £275,000
Total Floor Area: 105 sq.m/1,135 sq.ft
Net Investment Income: £13,236 per annum




Last updated: 28 Mar 2014 Ref: 94HighStreet

Property Description

94 High Street comprises an end of terrace three storey mid 19th century red brick building with grey headers under a slate roof, incorporating a shop front at ground floor with separate entrance to the upper parts comprising first floor offices and second floor self contained flat. There is vehicular access directly from the High Street to the rear of the property providing 5 car parking spaces and separate access to the rear basement.

Measurements

  • Net Internal Floor Area
No 94 High Street Tenterden - Rush Witt
Measurementimperialmetric
Ground Floor319 sq.ft30 sq.m
First Floor431 sq.ft40 sq.m
Total Floor Area749 sq.ft69.62 sq.m

No 94 2nd Floor - Dean Gary Volante and Melanie Laura
Measurementimperialmetric
Second Floor386 sq.ft36 sq.m
Total Floor Area386 sq.ft35.85 sq.m


Agent's Disclaimer

Martine Waghorn Chartered Surveyors for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of prospective purchasers or lessees and do not constitute the whole or any part of an offer or contracts: (ii) all descriptions, dimensions, references to conditions, necessary permissions for use and occupation and other details contained therein are given without responsibility and prospective purchasers or lessees must not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to their accuracy: (iii) no person in the employee of Martine Waghorn Chartered Surveyors has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property: (iv) rents or prices quoted in these particulars may be subject to VAT in addition unless otherwise specifically stated; (v) no building services or installations have been tested; interested parties are advised to make their own enquiries.


Sale Terms

Offers are sought in excess of £275,000 subject to contract and exclusive of VAT. This equates to a capital value of £242 per sq ft.


Tenant, lease and rent summary

High Street Tenterden TN30 6JB
Retail UnitTenantRental IncomeLease Dates
No 94 Rush Witt £6,756 28.02.2006 -start
28.02.2009 -expiry
No -break
No 94 2nd FloorDean Gary Volante and Melanie Laura £6,480No -break
Total Rent £13,236


Covenant Information:

Rush Witt

Let to Rush Witt & Wilson (Tenterden) Ltd guaranteed by Messrs Rush Witt & Popple on an internal repairing and insuring lease for 3 years from 28th February 2006 at a rent of £6,755.92 per annum exclusive. The tenant contributes to the cost of buildings insurance and is responsible for internal repairs. The tenant is holding over under the Landlord and Tenant Act.

Dean Gary Volante and Melanie Laura

Let to Dean Gary Volante and Melanie Laura Smith under a Periodic Tenancy

Agent's Disclaimer

Martine Waghorn Chartered Surveyors for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of prospective purchasers or lessees and do not constitute the whole or any part of an offer or contracts: (ii) all descriptions, dimensions, references to conditions, necessary permissions for use and occupation and other details contained therein are given without responsibility and prospective purchasers or lessees must not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to their accuracy: (iii) no person in the employee of Martine Waghorn Chartered Surveyors has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property: (iv) rents or prices quoted in these particulars may be subject to VAT in addition unless otherwise specifically stated; (v) no building services or installations have been tested; interested parties are advised to make their own enquiries.


There are no plans available to view for this property. Contact the agent for further information

Property Location

Tenterden is an attractive market town located on the A28 approximately 12 miles south‐west of Ashford, 18 miles to the south of Maidstone and 11 miles to the north of Rye. The town is a successful shopping and tourist destination with a good range of local shops and multiples including Waitrose, Laura Ashley, Fat Face, Boots, WH Smith, Café Rouge and Prezzo.

Map



MartineWaghorn
Agents Contact Details

Name: Robert Martine
Company: Martine Waghorn
Address: 7 Ashford Road Maidstone Kent ME14 5BJ
Email:
Email the agent
Direct Dial: (01622) 672233
Mobile: 07812 164698





Download pdf brochure Brochure for: No 94 2nd Floor High Street  Tenterden Kent  TN30 6JB. Investment Property For Sale: £275,000. Total Floor Area: 105 sq.m/1,135 sq.ft. Net Investment Income: £13,236

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