Sold Prior | Lot 274

12 Vale Road, Tunbridge Wells, Kent, TN1 1BP

Sold Prior

  • Leisure Facility
  • Tenure: Leasehold. The property is held on a 999 year lease from 14th July 2004 (thus approximately 980 years unexpired).

Call the team on 020 7625 9007 for more information

Auction Date

Wed 25/10/2023

Auction Time

08:45

Auction Venue

Live Stream

A Commercial Investment Arranged as a Health Club and Spa, Producing £45,000 Per Annum

The property comprises lower ground and ground floor premises within an end of terrace building arranged over lower ground, ground and three upper floors.

Tenure

Leasehold. The property is held on a 999 year lease from 14th July 2004 (thus approximately 980 years unexpired).

Location

The property is situated on a mixed use road close to local shops and amenities. The open spaces of Calverley Grounds are within easy reach. Transport links are provided by Tunbridge Wells rail station.

Accommodation

Lower Ground Floor Spa Facilities and Swimming Pool G.I.A. Approximately 380 sq m Ground Floor Entrance and Stairwell Not Measured

Tenancy

The property is subject to lease (trading as Water Babies operating from 9 other locations) for a term of 15 years commencing 28th October 2022 at a rent of £45,000 per annum with rent reviews in the 5th and 10th years. No break clauses.

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.