{"loaderData":{"0-8":{"propertyListing":{"building":{"id":"756229014678577","summary":"4-Acre Car Park and Woodland beside The Pantiles generating £128k+ pa from parking and wayleaves. Prime redevelopment potential for 104 luxury apartments (GDV c.£60m), subject to deregistration and planning. Strategic central Tunbridge Wells site with proven income and upside.","archived":false,"description":"
A rare opportunity to acquire a high-performing income asset with transformational development potential in the cultural heart of Royal Tunbridge Wells.

Positioned directly beside the iconic Pantiles colonnade and opposite Dandara's landmark Potteries scheme, this 4-acre car park currently generates £110,000 per annum (post-profit share) under a management agreement with RCP, plus an additional £18,000 from wayleaves and easements. With 170 marked spaces and consistent demand, it offers immediate income security.

But the true value lies in its future. Initial design studies suggest capacity for around 104 luxury apartments and 285 parking spaces, with a projected GDV of approximately £60 million and a residual site value of c.£10 million. A strategic land exchange with a comparable 2-acre parcel at Still Green, Rusthall Common (held freehold but not designated as Common Land), offers a unique route to deregister the site and unlock planning potential.

With precedent set by nearby premium developments achieving £600 psf and penthouses nearing £1 million, this is a once-in-a-generation chance to reimagine a central Tunbridge Wells site into a flagship residential address.

Also available - The Tunbridge Wells and Rusthall Commons (Search for the separate listing)
Available individually or as a combined acquisition, the Commons and Car Park offer a rare chance to secure both long-term income and prime redevelopment potential in the heart of Royal Tunbridge Wells.

","disclaimer":{"raw":"Disclaimer - Property reference PantilesCarPark2025. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by Targetfollow Estates Limited, Norwich. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["170-space car park adjacent to The Pantiles","£128,000+ annual income (post-profit share + wayleaves)","Prime redevelopment potential (subject to deregistration & planning)","Projected GDV of c.£60 million for 104-unit scheme"],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":5000000,"displayQualifier":"PRICE_ON_APPLICATION","frequency":null,"rentObligation":null},"useClasses":[],"tenureType":"FREEHOLD","tenureYearsRemaining":null,"parkingSpaces":0,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":0,"planningPermission":null,"businessForSale":false,"media":{"brochures":[],"photos":[{"uri":"property-photo/6113d3d3d/756229014678577/6113d3d3d809e40636eb1d93087cc307.jpeg","description":""},{"uri":"property-photo/d84104d72/756229014678577/d84104d721870c5177cd8d3d4eef3160.png","description":""},{"uri":"property-photo/3c7e5c342/756229014678577/3c7e5c3423aca1a10338364cc199e1ec.jpeg","description":""},{"uri":"property-photo/5baa22a05/756229014678577/5baa22a050df14df05d51a88dc098a4a.jpeg","description":""},{"uri":"property-photo/2dfbc45bd/756229014678577/2dfbc45bd81a6fa7006bfe5f1fe1d045.jpeg","description":""},{"uri":"property-photo/a0123f071/756229014678577/a0123f0719ccf7bf6ef57bab9b2ac805.jpeg","description":""},{"uri":"property-photo/c7883b710/756229014678577/c7883b710d09466e0a169c50a8c63317.jpeg","description":""},{"uri":"property-photo/b3aac9ab8/756229014678577/b3aac9ab83ceac182bc26ba1aff527f6.jpeg","description":""}],"floorPlans":[],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":null,"size":null,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"The Pantiles and Commons Car Park","showMap":true,"postcode":{"incode":"5BF","outcode":"TN2"},"streetView":{"latitude":51.126005,"longitude":0.256767,"heading":21.655631,"pitch":0,"zoom":1,"showStreetView":true},"latitude":51.126012,"longitude":0.256771},"nearestStations":[{"distance":0.4259561926892614,"name":"Tunbridge Wells Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":1.8120731269570387,"name":"High Brooms Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":2.252430233228704,"name":"Frant Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"Targetfollow Estates Limited, Norwich","email":null,"profileUrl":"/estate-agents/agent/Targetfollow-Estates-Limited/Norwich-152690.html","logo":"/partner-logo/16814225-LOGO-1765964784.png","id":152690,"description":"","telephoneNumber":"01603 361926","morePropertiesFromAgentUrl":"/commercial-property-for-sale/find/Targetfollow-Estates-Limited/Norwich.html?locationIdentifier=BRANCH%5E152690&propertyStatus=all&includeLetAgreed=true&_includeLetAgreed=on","primaryBrandColour":null}],"owner":{"description":null,"name":null},"primaryPropertyClassification":{"propertyClassificationSubType":"LAND","propertyClassificationType":"LAND_AND_DEVELOPMENT","offices":null,"industrialAndLogistics":null,"leisureAndHospitality":null,"retail":null},"secondaryPropertyClassifications":[],"letType":null,"letContractLength":null,"status":"AVAILABLE","availableDate":null,"serviceCharge":null,"businessRates":null,"isRentAllInclusive":null,"products":{"commercialSearchProminenceEnabled":true,"featuredProperty":false,"premiumListing":false,"premiumListingLabel":null},"auction":false,"spaces":[]}}}},"actionData":null,"errors":null}