Leases

Available By

Assignm

ent 99-101 HIGH STREET SEVENOAKS

KENT, TN13 1LH

Ibbett Mosely

Important Notice Ibbett Mosely gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party 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 of them. No person employed or engaged by Ibbett Mosely has any authority to make any representation or warranty whatsoever in relation to this property. (May 2018).

TWO RETAIL LEASES AVAILABLE IN SEVENOAKS TOWN CENTRE - AVAILABLE TO LET BY ASSIGNMENT OF THE EXISTING LEASEHOLD AGREEMENTS.

LocationThe subject properties are situated in the heart of the town centre, located at the junctionof High Street and Dorset Street opposite the Corn Market and The Black Boy. This isregarded as one of the busiest sections of the High Street, equidistant from the threelarge surface car parks and the bus station. Nearby retailers include: Oliver Bonas, SPACE NK, Caffé Nero, Sweaty Betty, Specsavers, Rush Hair, Boots, Mint Velvet, Cote Brasserie, and Bills Restautant.

DescriptionFormed from two interconnected Grade II Listed buildings, the premises have numerous historic features including exposed timbers and a spiral staircase. The layout of the premises is representative of the overall age of the buildings, the rooms vary in size and are arranged across ground, first and second floors. There is a small basement which is used predominantly as a staffroom / kitchen.

Measured AreasThe premises have been measured to extend to approximatley 1,764 Sq Ft (163Sq M)* with the breakdown as follows:-

Ground Floor 629 Sq Ft 58 Sq MFirst Floor 653 Sq Ft 60 Sq MSecond 380 Sq Ft 35 Sq MBasement 102 Sq Ft 10 Sq MTotal 1,764 Sq Ft 163 Sq M * The figures from the Valuation Office Agency The LeasesDue to the nature of the premises, there are two separate leases which are required to be assigned together. The salient information is as follows:-

99 High StreetHeld on a fully repairing and insuring lease for a term expiring on 7th March 2023, the rent passing is £12,500 per annum.

101 High StreetHeld on a fully repairing and insuring lease for a term expiring on 30th January 2023, the rent passing is £25,000 per annum.

Both leases are understood to be contracted within the Security of Tenure Provisions of the Landlord and Tenant Act 1954 and specify within the respective user clauses that the premises can be used for the purposes of A2 (Financial and Professional Services) and also for A1 (Retail). Copies of the leases are available upon request. It may be possible to vary the user clause further, however this would be at the Landlord’s discretion with the applicant responsible for all costs incurred.

RentCombined passing rent for the two leases is £37,500 per annum.

Legal costsEach party to bear their own legal costs.

RatingThe two premises are recorded on the 2017 Rating List as having a combined Rateable Value of £38,500. At the rate of 49.3 p/£ this gives an estimated liability of £18,980 per annum. Prospective tenants are advised to verify their potential liability with Sevenoaks District Council.

Town Planning and Alterations The lawful use of the building is within class A2 of the Use Classes Order (As amended).This means that the premises can be used for retail operations including the current use as an estate agency, a bank or as offices. Other uses outside of the category described above, will require consent to be granted by the Landlord and the Local Planning Authority. For further discussion on this please contact our associated planning specialists, Howard Sharp and Partners, telephone 0207 222 4402 or 01732 456888.

AML RegulationsIn accordance with Government Regulations all prospective tenants will be required to provide satisfactory proof of identity and consent to a reference check via FCC Paragon.

Viewings:

Strictly by appointment with Ibbett Mosely, contact:-

Will Kauffmanwill@ibbettmosely.co.uk01732 459 38807799 148 740

www.IbbettMosely.co.uk

Sevenoaks Office London Office t 01732 456 888 t 020 7222 4402 www.ibbettmosely.co.uk

Ibbett MoselySevenoaks Office London Office01732 459 388 020 7222 4402www.ibbettmosely.co.uk