Land & Development in TN4

Lower Green Road, Tunbridge Wells, Kent, TN4 8TW

Brochure

Tenure: Unknown

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Starting bid£385,000

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Key Information

Parking: Off Street

Property features

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

Land & Development in TN4

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 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

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