COMMERCIAL AND SEPARATE RESIDENTIAL INVESTMENT PROPOSITION ON SITE 0.456 ACRES (0.185 HECTARES) FREEHOLD FOR SALE (MIGHT DIVIDE) The Studio bracketts est.1828 Grosvenor Lodge, 72 Grosvenor Road, Tunbridge Address Wells & The Studio, Grosvenor Walk,Tunbridge Wells PROPERTY
A GRADE II LISTED OFFICE INVESTMENT BUILDING Approx. 4,000ft² [317.60m²] TOGETHER WITH A DETACHED HOUSE LET TO A STATUTORY TENANT SITE 0.456 ACRES [0.185 HECTARES] FOR SALE FREEHOLD (MIGHT DIVIDE) POTENTIAL SUBJECT TO PLANNING GROSVENOR LODGE 72 GROSVENOR ROAD TUNBRIDGE WELLS TN1 2AS AND THE STUDIO GROSVENOR WALK TUNBRIDGE WELLS TN1 2BE Guide Price 750,000 for the Freehold. est.1828 bracketts 27/29 High Street Tunbridge Wells Kent TN1 1UU Tel: (01892) 533733 Fax: (01892) 512201 E-mail: info@bracketts.co.uk www.bracketts.co.uk Also at 132 High Street, Tonbridge, Kent Tel: (01732) 350503
GROSVENOR LODGE, 72 GROSVENOR RD, TUNBRIDGE WELLS, TN1 2AS SITUATION Grosvenor Lodge is situated on the north east side of the central business area and is accessed off Grosvenor Road, which is a main approach road in and out of town under a ¼ mile from the town centre itself. Grosvenor Lodge is a large virtually detached Grade II Listed Georgian former house [circa 1820 with later additions] and now in office use primarily on three floors plus some attic rooms. External redecoration / repair has recently been completed. The office Suites were refurbished in the last 2 10 years. ACCOMMODATION Lower Ground / Ground Floor Rear 6 Offices 1035ft² [96.15m²] Inner hallway/office area (notional) 60ft² [ 5.57m²] Kitchen 38ft² [ 3.35m²] 2 x WC s Gas fired central heating Upper Ground Floor Approached via external steps leading to covered porch and main entrance door in building. Arranged as a self-contained suite radiating off wide central inner hall. 5 Offices 1022ft² [94.94m²] Kitchen 50ft² [ 4.64m²] Various Storage Cupboards 31ft² [ 2.87m²] 2 x WC s Gas fired central heating First Floor Approached from outside via three storey staircase access at rear of building also accessed from upper ground floor via staircase. Offices radiate off a central inner landing 5 Offices 986ft² [91.60m²] Kitchen 52ft² [ 4.83m²] Various Storage cupboards 29ft² [ 2.68m²] 2 x WC s Second Floor / Attic Approached via internal staircase off first floor landing. Arranged as 4 Storage rooms partially formed within the eaves with restricted headroom. Overall area: 638ft² [59.27m²] Summary of Accommodation (ft²) Offices Kitchen/Stores Total Lower / Ground 1035 98 1133 Upper Ground 1022 81 1103 First 986 81 1067 Attic 638 638 3043 898 3941 ======================= Outside The building is set back from Grosvenor Road and is approached via a stone-pillared entrance leading to a tarmacadam Car Park with capacity for about 4/6 vehicles. Three sides of the car park have a raised landscaped Garden area. There is a pedestrian walkway on the right-hand side of the building giving access to the lower ground floor and first floor suite. Behind the building is an external metal fire escape serving the upper ground and first floor suites. Immediately behind this is a large open grassed amenity area flanked by mature trees on the perimeter. This area has been excluded from the demise within the leases. Leases Lower Ground Floor This suite is let to Innovation Marketing Direct Limited with Lawrence Lenzi as Guarantor. The lease is a 4-year contracted out term from the 28.11.2007 at a rental of 13,000 per annum exclusive. The Tenants have covenanted to keep the interior in good repair and decorate in the last month of the term. They are further responsible for 10% of the costs incurred by the Landlord in providing management services. Further, a third of the costs incurred by the Landlord in maintaining the structure outside, roofs, foundations, etc. A similar proportion applies for insurance. 1 x car space is included in the demise. Note: The tenants have relocated and the suite is vacant. Upper Ground and First Floors The demise extends to the whole of the upper ground and first floors plus one attic room on the second floor for archive storage. The lease is dated the 10.10.2008 between the Landlords and Nicholas Mark Gower-Smith as Tenant trading as Norman Cox & Ashby Chartered Accountants. The lease is a 4-year contracted out term form the 28.11.2007 at a rental of 22,000 per annum exclusive. There was a mutual break clause with effect from the 28.11.2009 on giving 3 months notice which has not been implemented by either party. The Tenant is responsible for maintaining the interior in tenantable condition and decorating inside in the last month of the term, however determined. Further, the Tenant is responsible for a reasonable proportion of the insurance and obligations by the Landlord for maintaining the structure outside, roof, walls, etc. RATES We have been verbally advised by the Rates Office the following assessments apply: RV Payable Lower Ground Floor 12,000 4,968.00 Ground, First and Second Floors 34,750 14,386.50
THE STUDIO, GROSVENOR WALK, TUNBRIDGE WELLS SITUATION The Studio fronts Grosvenor Walk, which is accessed off Grosvenor Road via Grosvenor Park. This is a detached Victorian dwelling on two floors with a large single storey area formally an artist s studio. We understand the house was originally in two flats, but is now occupied as a single unit. ACCOMMODATION Ground Floor Kitchen: 9 6 x 8 6 x 4 0 x 4 3 Sitting room: 12 8 x 10 0 Bathroom with panel bath and wash basin plus airing cupboard Separate WC Studio (sitting room): 20 0 x 28 9 + 4 0 x 8 3 less lobby. First Floor Landing Bedroom 1: 9 10 x 8 9 + 7 0 x 3 6 door to Lobby/Dressing area door to Bathroom/WC Bedroom 2: 8 5 x 13 0 Attic Bedroom above with restricted headroom at eaves: 12 8 x 7 6 min. Outside Pleasant walled Courtyard Garden with small detached brick and tiled garage: 8 10 x 14 8. TENANCY The property is let and occupied by a Mrs S Webb, a statutory tenant, paying a rent of 108.50 per week. This rent was re-registered with effect from the 12.2.10. Mrs Webb has been in occupation for about 30 years COUNCIL TAX We are advised by the Rates Office the house is in Band C with an annual payment of 1289.30. VIEWING Strictly by prior appointment through the Sole Agents, BRACKETTS 01892 533733 Contact: Peter Ridsdale Smith ENERGY PERFORMANCE CERTIFICATES Copies available on request. PRICE Guide Price 750,000 for the Freehold. IMPORTANT NOTE: Property Misdescriptions Act: BRACKETTS for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (i) These particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract; (ii) All dimensions, distances and areas are approximate, and references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each item. (iii) No person in the employment of BRACKETTS has any authority to make or give representation or warranty whatsoever in relation to this property. VAT: Rents, Prices or any other charges quoted are exclusive of VAT, unless stated to the contrary. (iv) Prospective purchasers or tenants are strongly recommended to satisfy themselves as to the working order of the main services, various electrical or gas appliances, plumbing, drainage, alarm or other systems or appliances. Whilst these may be mentioned in the particulars, they have not been tested by the Agents. (v) Whilst we endeavour to make our sales/letting particulars as accurate and reliable as possible, if there is any point which is of particular importance to you please contact the agents and we will be pleased to check the information, particularly if you are proposing to travel some distance to view the property.
The Studio
Grosvenor Lodge Rear Elevation
Grosvenor Lodge - Grounds