The premises comprise a large, spacious store with frontage to Commercial Road and with an additional showroom with frontage to Station Road together with 1st floor retail and coffee shop.
To the rear of the property is access to the Station Road showroom with additional storage and office accommodation at 1st floor level.
Business - Barsleys has been established for over135 years and has traded as a successful independent department store specialising in women’s, men’s & children’s clothing, homeware, furniture, flooring, blinds, curtains, kitchen, dining & electrical products, toys, gifts and footwear. Some of the brands carried in the store include Barbour, Seasalt, Joe Brown, Russell Hobbs, Parker Knoll, Sodastream, G-Plan, Skechers + many other well known household brand names. There is also a coffee shop.
Turnover is in the region of £2 million per annum and full audited accounts are available to seriously interested parties.
N.b. The directors would be happy to have a meeting with a prospective purchaser.
Location
Situated 8 miles southwest of Maidstone and 7 miles from Tunbridge Wells just off the A228. Commercial Road is the main prime shopping area of Paddock Wood. Other businesses in the vicinity include Tesco Express, Jempsons, Costa Coffee, Greggs, Nationwide Building Society, Waitrose and a wide variety of independent local traders. Close by is a mainline station and local free 1 hour car parks.
Accommodation
Approx. internal width 63’ (19.2m)
Main store depth 124’ (37.8m)
Total ground floor retail area - 13,300 sq ft (1,235.6 sq m)
Total 1st floor retail area - 7,658 sq ft (711.4 sq m)
Nb. Measurements taken from architect’s drawings - to be verified.
Total overall area - 20,959 sq ft (1.947.1 sq m)
Terms
TERMS - The directors are prepared to consider letting or selling the property to exclude the business subject to negotiation.
Leasehold - A new 15 year lease on a normal full repairing & insuring basis with reviews every 5 years at a commencing rent of £145,000 per annum exclusive of rates.
Freehold - Offers in the region of £1.9 million with full vacant possession upon completion.
RATES - Local Authority: Tunbridge Wells
UBR (25/26): 55.5p UBR (26/27): 48.0p
Rateable value 2025/6 - £68,500 - 2026/7 - £62,000
VAT - Under the Finance Act 1989 VAT may be chargeable on the rental/price. It is recommended that a prospective tenant/purchaser should make their own enquiries to establish whether or not VAT is chargeable prior to entering into an agreement.
SERVICES - The mention of any appliances and/or services in these details does not imply they are in full and efficient working order.
EPC - The directors have been advised that an energy performance certificate is required. The building is energy efficient with LED lighting, solar panels and Tesla batteries installed.