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The Major Yorke Studios, 5-11 Langton Road, Tunbridge Wells, Kent, TN4 8XA

Offers in Region of
£800,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • 8 bed-sits, 1 studio & 1 self-contained flat
  • Short walk into Tunbridge Wells town centre
  • Set over 4 floors, circa 4900 sq ft
  • Large bar area & store room currently unused
  • Grade II listed building
  • Scope to convert. Energy Rating TBC
  • Christie & Co Ref: 8846283

Description

Description

A charming and historic property located in the picturesque town of Royal Tunbridge Wells. The Major Yorke offers unique, but flexible, accommodation on a medium to long term basis.

Previously a public house, it has been converted into a series of studio rooms with kitchenette’s in all.

The property has had a new electric boiler installed and has CCTV fitted throughout.

Location

The property sits to the west of the town centre opposite the Spa Hotel and next to Tunbridge Wells Common.

The town itself is an affluent Spa town, situated in North West Kent, only 35 miles south east of central London, 25 miles east of Gatwick and 16 miles west of Maidstone. There is a fast and frequent train service to London terminals, with Charing Cross a 50 minute journey.

Internal Details

The main property features eight bed-sits of different sizes and one studio to suit a range of tenants, with ancillary WC’s, a laundry room, shower rooms and a large basement currently used for storage.

There is also a self-contained one bedroom flat laid out over two floors.

All accommodation is currently let on AST’s.

The Opportunity

The current owner is selling to concentrate on other investments.

The property has previously had planning consent granted for three separate dwellings as follows:-

Unit 1 – 4/5 bed 212 sq m / 2181 sq ft
Unit 2 – 2 bed 110 sq m / 1184 sq ft
Unit 3 – 2 bed 109 sq m / 1173 sq ft

All to make use of the basement, and these plans could be revisited and we believe make an attractive proposition for a local developer.

With a large basement currently unused, we also believe there is scope for refurbishment offering a large open plan space available to rent for short term local groups, subject to local planning regulations. It could also be rented out for storage, something which has already been granted by Tunbridge Wells Borough Council.

Trading Information

The property is currently fully let and generates an annual income £78,300, representing a gross yield of 8.7%.

There is also a laundry room with coin operated machines which generate further ancillary income.

Energy Performance Certificates

EPC 1

Brochures

The Major Yorke Studios, 5-11 Langton Road, Tunbridge Wells, Kent, TN4 8XA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Tunbridge Wells Station0.8 miles
  • High Brooms Station1.9 miles
  • Frant Station2.8 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 8846283-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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