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Industrial Unit For Sale Tunbridge Wells
PROPERTY ID: 137363
PROPERTY TYPE
Industrial Unit
STATUS
Available
SIZE
24,092 sq.ft
Key Features
Property Details
Freehold Industrial Investment -- For Sale
Detached Freehold Industrial Building Of 24,092 Sq Ft With Large Secure Yard And Parking With B2 Planning Use, Currently Trading As A Motor Trade Operator, Formally Traded As A Distribution Depot With B8 Planning Use. The Property Is Let On A 10 Year Lease From February 2022 At £225,000 Per Annum (£9.34 Psf) With A Fixed Rent Increase To £260,837 Per Annum (£10.83 Psf) From February 2027.
Location
The Property Is Located On Stag Road, Which Is Accessible From Longfield Road Which Is Located To The North Of Tunbridge Wells Town Centre On The Established North Farm Industrial Estate. North Farm Has Evolved From A Traditional Industrial Estate Into A Vibrant Commercial Hub Comprising Various Business And Retail Parks. This Area Benefits From Excellent Connectivity, Notably Its Proximity To The A21 Being Less Than 1 Mile From The Pembury By-pass Junction. The A21 Connects Directly To J5 Of The M25 Motorway Being Less Than 14 Miles Away, With A Journey Time Of Around 15 Minutes.
Royal Tunbridge Wells Is A Charming And Historic Town In Kent, England, Known For Its Natural Beauty, Georgian Architecture, And Vibrant Cultural Scene. It's Situated About 30 Miles Southeast Of Central London And Has Been A Popular Destination For Visitors Seeking A More Relaxed Pace Of Life, Thanks To Its Scenic Parks, Historic Landmarks, And Upscale Shops.
The Town Is Best Known For Its Spa Waters, Which Attracted Visitors As Far Back As The 17th Century. The "royal" Was Added To Its Name After Receiving A Royal Charter In 1909, Cementing Its Status As A Fashionable Spa Town. The Famous Pantiles, A Georgian Colonnade, Is A Lovely Area Filled With Cafes, Boutiques, And Art Galleries, Reflecting The Town's Long History As A Health Resort.
High Brooms Railway Station, Located Approximately Half A Mile Away From The Property And Has Direct Services Into London Charing Cross In 50 Minutes.
What3words Location:- Https://w3w.co/hero.sugars.ladder
Accommodation
The Property Comprises A Recently Refurbished Detached Industrial Unit Of Steel Portal Frame Construction With 5.6m Eaves Height. The Unit Is Currently Used As A Vehicle Accident And Repair Centre With Spray Ovens However Is Very Clean And Tidy Warehouse Space. To The Front There Is A Well Fitted Reception Area Plus A Good Sized First Floor Mezzanine Office.
Externally It Has A Large, Secure Gated Yard Area Of Approximately 9,750 Sq Ft To The Front Of The Unit, Plus Additional Car Parking And Yard Space To The North East Of The Property Totalling An Additional 18,500 Sq Ft.
There Are Two Electric Roller Shutter Doors, One With A Raised Loading Platform, Giving Excellent Flexibility.
The Property Has Been Measured On Gross Internal Areas (gia) Basis As Follows:
Workshop & Offices - 2,144.95 Sq M = 23,089 Sq Ft
Ff Mezzanine Offices - 93.17 Sq M = 1,003 Sq Ft
Total Gia - 2,238.12 Sq M = 24,092 Sq Ft
Total Site Area = 1.124 Acrea
Terms
To Purchase The Freehold Subject To The Occupational Tenancy.
Investment Summary
The Property Is Currently Let To Activate Accident Repair Group Ltd On A 10 Year Lease From 11th February 2022.
The Passing Rent Is £225,000 Per Annum (£9.34 Psf).
The Rent Increases To £260,837 Per Annum (£10.83 Psf) From The Review Date Being 11th February 2027.
There Is A Tenant Break Clause On The 5 Year Anniversary Of The Term Giving No Less Than 12 Months Notice.
The Property Is Let On A Full Repairing And Insuring Lease, Subject To A Photographic Schedule Of Condition.
Further Lease Details Are Available Upon Request.
Tenant Information
Activate Accident Repair Group Ltd Are Considered A "low Risk" By Creditsafe With A Credit Score Of 69. Their Most Recent Accounts, To September 2023 Show A Turnover Of £42.5m And Profit After Tax Of £1.58m. They Have 13 State-of-the-art Bodyshops Located Across The Uk Undertaking Vehicle Repair Services. Company Website Is Https://activate-repair.com
Rent/price
Offers In Invited In The Region Of £4,000,000 Reflecting A Low Capital Value Rate Of £166 Per Sq Ft.
Viewing
Confidential Sale
Strictly By Prior Appointment Through The Surveyors. Please Contact Phil Hubbard E: Phil.hubbard@sibleypares.co.uk Or Dominic Barber E: Dominic.barber@sibleypares.co.uk
Rateable Value / Council Tax
Rv £183,000 @ 55.5p In The £
Rates Payable £101,565 For The Year 2025/26
Vat
Unless Otherwise Stated, All Rents/prices Are Quoted Exclusive Of Value Added Tax (vat) Which Will Be Charged At The Prevailing Rate. Prospective Occupiers Should Satisfy Themselves As To Any Vat Payable In Respect Of Any Transaction.
Epc
Rating (c) 52
Freehold Investment For Sale
6.5% Reversionary Yield
1.124 Acre Site
Reflects Low Capital Value Of £166 Per Sq Ft
24,092 Sq Ft Plus Large Secure Self-contained Yard
B2 - General Industrial Use Class
Good Access To Motorway Network
About the Agent
Sibley Pares LLP
See Agent's Other PropertiesIndustrial Unit
£4,000,000 Freehold
3 Stag Road, Tunbridge Wells, TN2 3BQ
Industrial Unit -
Available
24,092 sq ft
2,238 sqm
Enquiry Form
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