150 High Street

Sevenoaks, TN13 1XE

3,550 sq ft
For Sale
Development (Land & Buildings), Investment Property

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A detached freehold retail / office investment with planning permission to extend.

Property Type Development (Land & Buildings), Investment Property
Tenure For Sale
Size 3,550 sq ft
Freehold Price Offers in excess of £950,000
Business Rates Upon enquiry
Energy Performance Rating This property has been graded as 63 (C)

Key Features

  • Affluent South East Market Town
  • Retail/office investment
  • Planning permission to create additional offices
  • Let to single tenant until March 2024
  • Rebased rent

Location

Sevenoaks is an affluent West Kent market town renowned for its schools, attractive countryside and easy commute to central London.

Road connections are excellent, with Junction 5 of the M25/A21 being approximately 2.5 miles distant. Rail services from nearby Sevenoaks train station run to London Bridge, Waterloo East, Charing Cross, Cannon Street and Blackfriars with advertised journey from 22 minutes.

The premises are situated in a highly prominent corner position at the junction of the High Street and Suffolk Way. All town centre services are within easy reach including the public car parks, banks, post office and leisure centre. Occupiers in the vicinity include Pizza Express, Wilkinson's Opticians and Marks and Spencer.

Description

Comprises a detached, predominantly three-storey building with brick facades under a slate roof, with two storey flat roofed area to the rear. In addition there is a brick-built car port, accessed off the High Street.
The premises are in retail use at ground and part first floor and have self-contained offices on the first and second with separate access off the High Street.
Planning permission has been granted to reconfigure the retail area and create further offices under Sevenoaks Council planning reference 19/00397/FUL.
The building has Prior Notification for a change of use from office to residential of the existing under Sevenoaks Council planning reference 18/03213/PAC.

Investment Summary

- Affluent South East Market Town
- Retail/office investment
- Planning permission to create additional offices
- Let to single tenant until March 2024
- Rebased rent

Tenancy

The entire property is let on a full repairing and insuring lease to Up and Running (Sevenoaks) Ltd for a term expiring 24th March 2024 at a recently reviewed rent of £60,000 pa. The offices have been sublet to Greenaway Accountants.