Guide price
£400,000
Land for saleLower Green Road, Tunbridge Wells TN4
About this property
Substantial two-storey commercial premises
Private car park
Current tenant willing to sign a 10-year lease
Ideal for owner-occupiers or investors
Rateable Value - 22,500
Flexible office layout with multiple suites
WC and kitchen/kitchenette facilities on both floors
Vacant possession available with agreed tenant buyout (44,000)
EPC - E
Summary
For sale via secure sale online bidding - terms and conditions apply.
An excellent opportunity to acquire Shadwell House, a well-presented and generously proportioned two-storey commercial building extending to approximately 2,188 sq ft (203 sq m), complemented by a private car park offering valuable off-street parking.
Situated in a convenient and accessible location, the property is currently occupied by a long-standing tenant whose lease has expired. The tenant is keen to remain and has expressed willingness to enter into a new 10-year lease. However, the vendor, due to personal circumstances, is not in a position to commit to a new term and is offering the property with vacant possession.
To facilitate this, a buyout arrangement has been agreed with the tenant for the sum of 44,000, equivalent to two years' council tax (22,000 per annum). This cost is in addition to the purchase price and would enable a clean break should the buyer wish to occupy or re-let.
Please note we have not inspected this property.
Location
Situated in a convenient and accessible location. Located close to Rusthall town centre with many local amenties close by.
Accommodation
Ground Floor - Approx. 99 sq m / 1,062 sq ft
Office: 6.23m x 5.34m (20'5" x 17'6")
Office: 4.55m x 2.78m (14'11" x 9'1")
Office: 4.52m x 3.63m (14'10" x 11'11")
Office: 3.21m x 7.71m (10'6" x 25'4")
Kitchen: 1.66m x 2.19m (5'5" x 7'2")
WC: 1.70m x 1.15m (5'7" x 3'9")
Multiple hallways and entrances
First Floor - Approx. 105 sq m / 1,127 sq ft
Office: 6.65m x 5.53m (21'10" x 18'2")
Office: 3.99m x 4.32m (13'1" x 14'2")
Office: 3.17m x 4.74m (10'5" x 15'7")
Office: 3.91m x 5.86m (10'6" x 19'3")
Office: 3.94m x 3.58m (12'11" x 11'9")
Kitchenette: 1.43m x 1.80m (4'8" x 5'11")
Two WCs
Landing areas
Tenure
Freehold. Title number K608837
Ratebale Value
The adopted rateable value is 22,500 as of 1 April 2023. Sourced from voa.
EPC
Available upon request ( Rating E )
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via secure sale online bidding - terms and conditions apply.
An excellent opportunity to acquire Shadwell House, a well-presented and generously proportioned two-storey commercial building extending to approximately 2,188 sq ft (203 sq m), complemented by a private car park offering valuable off-street parking.
Situated in a convenient and accessible location, the property is currently occupied by a long-standing tenant whose lease has expired. The tenant is keen to remain and has expressed willingness to enter into a new 10-year lease. However, the vendor, due to personal circumstances, is not in a position to commit to a new term and is offering the property with vacant possession.
To facilitate this, a buyout arrangement has been agreed with the tenant for the sum of 44,000, equivalent to two years' council tax (22,000 per annum). This cost is in addition to the purchase price and would enable a clean break should the buyer wish to occupy or re-let.
Please note we have not inspected this property.
Location
Situated in a convenient and accessible location. Located close to Rusthall town centre with many local amenties close by.
Accommodation
Ground Floor - Approx. 99 sq m / 1,062 sq ft
Office: 6.23m x 5.34m (20'5" x 17'6")
Office: 4.55m x 2.78m (14'11" x 9'1")
Office: 4.52m x 3.63m (14'10" x 11'11")
Office: 3.21m x 7.71m (10'6" x 25'4")
Kitchen: 1.66m x 2.19m (5'5" x 7'2")
WC: 1.70m x 1.15m (5'7" x 3'9")
Multiple hallways and entrances
First Floor - Approx. 105 sq m / 1,127 sq ft
Office: 6.65m x 5.53m (21'10" x 18'2")
Office: 3.99m x 4.32m (13'1" x 14'2")
Office: 3.17m x 4.74m (10'5" x 15'7")
Office: 3.91m x 5.86m (10'6" x 19'3")
Office: 3.94m x 3.58m (12'11" x 11'9")
Kitchenette: 1.43m x 1.80m (4'8" x 5'11")
Two WCs
Landing areas
Tenure
Freehold. Title number K608837
Ratebale Value
The adopted rateable value is 22,500 as of 1 April 2023. Sourced from voa.
EPC
Available upon request ( Rating E )
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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