No.7 7 Chapel Place, Tunbridge Wells, , TN1 1YQ

• Prime position in historic Tunbridge Wells • Refurbished A1 unit (819 sq ft GIA) • Bottle shop and function room • Attractive premises licence • Suitable for a range of businesses • Rare freehold opportunity

Freehold £495,000

REF: RCO/90930/44853 01981 250333 LOCATION No.7 (formerly known as the Gin & Harvey Co.) is situated in the affluent and desirable Kent commuter town of . The town lies approximately 30 miles south east of central , close to the border with East Sussex on the northern edge of the High . The town boasts a population in the region of 56,500 residents and is an important business and tourist hub. No.7 is situated along Chapel Place, at the bottom of the old high street, a charming and boutique parade of independent retailers. The property lies a stone's throw from The Pantiles, a popular Georgian colonnade housing bars, restaurants and boutique stores. The Pantiles is home to the Chalybeate Spring, a natural spa which brought the town to fame.

Royal Tunbridge Wells sits alongside the A21 trunk road which acts as an important dual carriageway running between the M25 at Sevenoaks and Hastings on the south coast. The A26 also provides fast road access to business hubs at Kings Hill and Maidstone in Kent, as well as Uckfield and Brighton in Sussex. The town is serviced by it's own mainline railway station providing south eastern services into central London, which lies a short walk from the subject property. The town is also serviced by an extensive bus network.

No.7 occupies a ground floor and basement A1 retail unit understood to have been built in 1903. The property has been recently refurbished throughout and is presented to a very high standard.

TRADE AREAS

Entrance from Chapel Place directly into main RETAIL AREA. This retail area measures in the region of 245 sq ft and incorporates spotlights, reclaimed oak flooring, reclaimed 350 year old timbers and exposed brickwork. The retail area houses extensive wine racking, counters and a servery area. The servery houses a triple drinks fridge, coffee machine, Epos till system, wine chiller and two under counter wine chillers. The property is serviced by air conditioning, CCTV and alarm system.

Descending a unique spiral staircase is access to the basement. The basement houses a FUNCTION/ MEETING ROOM which is often rented out for private events. The function area is presented with walnut wood floors and walling, LED lighting, wine chiller and wine cages. This area is understood to measure in the region of 169 sq ft.

Furthermore, there is a STORAGE AREA which houses two basin units and, in turn, provides access to a WC.

Also offset there is a KITCHEN AREA equipped with built in cupboards, sink, microwave and fridge/ freezer.

EXTERNAL To the front of the property on Chapel Place there is an area of pavement which falls within the demise of the property which could well be used to provide alfresco seating.

THE BUSINESS Our clients have owned and operated No.7 since 2014 and have built a popular 'bottle house' business, a unique offering in the area. The business appeals not only to the affluent residents but also tourists visiting the area seeking to purchase local wines and spirits. The business occupies a prime position along Chapel Place, a busy thoroughfare between the main town and the touristic Pantiles area.

It is our understanding that net turnover stands in the region of £150,000 per annum which in turn generates an adjusted net profit in the region of £75,000 per annum. Further accounting detail will be made available to serious parties following a formal viewing.

We are of the opinion that No.7 would suit a hands-on owner/operator who could continue to serve local produce very much in the way that has proved successful with the current set up. Alternatively, the business would suit a supplier seeking to create a unique outlet for their own stock. There is potential for a new operator to introduce a drink-in offering onsite.

Alternatively the property would also suit a range of other business styles that fall within the A1 class usage.

TENURE & PRICE FREEHOLD £495,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

LICENCE A full Premises Licence is held permitting the sale of alcohol by retail: Monday to Friday 10:00-23:00 Saturday 10:00-23:45 Sunday 10:00-22:00

SERVICES All mains services are connected. Rateable value is £19,500.

BUSINESS MORTGAGES – 01834 849795 We can help with arranging funding for your purchase of this or any other business.

INNPLAN INSURANCE – 01432 378696 Immediate and competitive cover for your property, business and contents

UTILITY HELPLINE – 01432 378690 Some of our clients have saved as much as 46% off their gas and electricity bills with our impartial price comparisons

EPC Reference: 0780-0934-1469-0302-9002 Tel: 01892 725900

CONSUMER PROTECTION FOR UNFAIR TRADING REGULATIONS 2008 & BUSINESS PROTECTION FROM MISLEADING MARKETING REGULATIONS 2008 – These particulars are provided only as a general outline of the property and buyers should make their own enquiries to satisfy themselves as to the accuracy of the Email: [email protected] information given. Neither we nor any person in our employment has authority to make, give or imply any representation or warranty regarding this property. Room sizes and other measurements and capacities quoted are estimates for rough guidance only. Accurate measurements have not been taken.

Sidney Phillips Limited, Shepherds Meadow, Eaton Bishop. Hereford, HR2 9UA Registered in and Wales: No. 2362635 www.sidneyphillips.co.ukwww.sidneyphillips.co.uk