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Advert Ref: N1003

Freehold Retail/Office Investment Property - Hadlow. Kent

  • Tonbridge, Kent
Asking price:
£600,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

LOCATION
The building is situated in a prominent position on The Square/High Street (A26), between Church Street and Court Lane in the centre of Hadlow village in Kent. Neighbouring occupiers include a hair dressers, pharmacy, grocery store, post office, beauty salon, fish & chip shop, antiques shop and dental practice. Tonbridge mainline railway station is approximately four miles away, providing services to London Victoria, London Bridge, Redhill, Ramsgate, Folkestone and Hastings. There are also buses serving the area located on The Square nearby.

DETAILS
Detached mixed-use period building arranged over three floors. Shop number 1 is let to The Village Bakers and shop number 2 is let to Marmaris Barbers. The self-contained first and second floor offices above are currently vacant (estimated rental value to be £20,000 per annum) and has the potential to be converted into residential, if required.
There is also a sizeable rear car park and two garages.

TURNOVER
Two shop units currently producing £20,000 pa with the offices vacant but estimated to produce another £20,000 pa when let.
Total income £40,000 pa when fully let.

PREMISES
Shop at no. 1 The Square 34.37 m2 370 ft2
Shop at no. 2 The Square 32.05 m2 345 ft2
First Floor Offices 59.46 m2 640 ft2
Second Floor Offices 50.17 m2 540 ft2

TOTAL 176.05 m2 1,895 ft2 -.-.-.

NB: There is also a rear car park and two garages

TENURE
Freehold. We are advised that the two shop leases/tenancy agreements have expired and the tenants are now currently ‘holding over’. Contact us for further information.

EPC RATING
TBA

Property:
Freehold
Premises details:
Shop at no. 1 The Square 34.37 m2 370 ft2<br>Shop at no. 2 The Square 32.05 m2 345 ft2<br>First Floor Offices 59.46 m2 640 ft2<br>Second Floor Offices 50.17 m2 540 ft2<br><br>TOTAL 176.05 m2 1,895 ft2 N.I.A.<br><br>NB: There is also a rear car park and two garages

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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