13,15,17 Quarry Hill Road, Tonbridge, Kent, TN9

Investment Consideration:
Rental Income: £8,100 p.a.
VAT is NOT applicable to this property
Comprises three self-contained office suites arranged over ground, lower ground, first and second floor
Residential development opportunity. Planning approved in July 2023 for conversion to 10 x 1-Bed Flats.
Option to additionally purchase the 3 ground floor shops, subject to separate negotiation
Located within 100m from Tonbridge Rail Station with nearby occupiers including Lidl and McColl`s.

Property Description:
The property comprises three self-contained office suites at ground, lower ground, first and second floor, providing the following accommodation and dimensions:
No. 1 Skinners Terrace & 15a/17a Quarry Hill Road
First/Second Floor: Offices
Basement: Storage
292 sq m (3,143 sq ft)
No. 2 Skinners Terrace
First Floor: Leisure
26 sq m (280 sq ft)
No. 3 Skinners Terrace
Ground Floor: Offices
68 sq m (730 sq ft)
Total gross internal area of 386 sq m (4,153 sq ft)

Tenancy:
Offices No.1 and No.2 Skinners Terrace are at present vacant.
Office No.3 Skinners Terrace is at present let to Kindred Hearts Limited for a term of 6 Years from 15th February 2018 at a current rent of £8,100 p.a. and the lease contains internal repairing and insuring covenants. Lease outside Landlord & Tenant Act 1954. Tenant willing to vacate earlier.

Development Opportunity:
Planning approved in July 2023 for conversion of existing office accommodation and single storey extension (Skinners Terrace) to form a total of 10 x 1-Bedroom Flats.
The Vendor is willing to offer an adjacent plot of land (marked in red) for a term of 12-18 months to any potential buyer, for construction materials deliveries and storage during the development project.
For more information please refer to Tonbridge & Malling Planning Portal with planning reference 22/00969/FL.

Location:
Tonbridge is a thriving market town with a resident population of approximately 40,000. The town offers an excellent range of retail and leisure facilities with many High Street stores, banks and building societies, together with a selection of coffee shops, restaurants and local pubs. It boasts a fine example of a 'Motte and Bailey' castle built in the 13th century, set on the banks of the river Medway. The property is situated on the Western side of Quarry Hill Road at the southern end of the town within 100m of Tonbridge Station. Nearby commercial occupiers Lidl, McColls and a range of local occupiers and retailers.