FREEHOLD INVESTMENT OPPORTUNITY - High Street, Tonbridge, TN9 1DR - (19 Apartments)

FREEHOLD RESIDENTIAL INVESTMENT – TONBRIDGE TOWN CENTRE

19 High Quality Apartments Fully Let to Tonbridge & Malling Borough CouncilPassing Income: £309,500 per annumInvestment Summary. A rare opportunity to acquire a newly converted and extended freehold residential investment in the heart of Tonbridge town centre, directly overlooking Tonbridge Castle and the River Medway.

The property comprises 19 high-quality apartments arranged over upper floors and fully let to Tonbridge & Malling Borough Council on a secure 10-year lease, offering investors a strong and stable income profile with CPI-linked growth.

Key Highlights
Fully let to Tonbridge & Malling Borough Council (TMBC)19 apartments: 7 x one-bedroom and 12 x two-bedroom unitsPassing rent: £309,500 per annum (exclusive)Lease term: 10 years + 1 day from 18 June 2025Rent reviews: CPI-linked, capped at 4% annuallyTenant break at year 5, subject to 30 days’ notice

Prominent High Street position opposite Tonbridge CastleSecure undercroft parking (10 spaces) and bicycle storageLift access to all floorsSeveral apartments include private terraces, courtyards or castle views

The Property
The property forms an attractive end-of-terrace building comprehensively converted and refurbished to provide 19 high-quality apartments. The development has been completed to an excellent standard, with modern layouts and specifications suitable for long-term occupational demand.Residents benefit from:Passenger lift to all floorsSecure undercroft parking for 10 vehiclesBicycle storageHigh-quality finishes and contemporary designSelect units with private outdoor space or scenic views across the River Medway and Tonbridge Castle

The ground floor commercial unit has been sold off on a 999-year lease at a peppercorn rent. The long leaseholder contributes fairly to building insurance and upkeep.

Location
Occupying one of the most prominent positions on Tonbridge High Street, the property sits directly opposite the iconic Tonbridge Castle and adjacent to the River Medway, offering an attractive and central setting.Tonbridge is a thriving commuter and market town, with a wealth of national retailers, restaurants, cafés and essential services within a few minutes’ walk.

Transport Connectivity
Tonbridge Railway Station – approx. 5–6 minutes’ walkDirect trains to London Waterloo, London Bridge and London Charing Cross (fast services c.40 minutes)Excellent road access to A21 and M25 (J5)Gatwick Airport approx. 28 milesEurotunnel approx. 50 miles

Lease Summary
Tenant: Tonbridge & Malling Borough CouncilUse: Residential (upper floors)Passing Rent: £309,500 per annum exclusiveLease Term: 10 years + 1 day from 18 June 2025Rent Review: Annual CPI-linked increase, capped at 4%Break: Tenant break option at year 5 (30 days’ written notice)Repairing ObligationsTenant: Internal repairs and redecoration; fair wear and tear at end of termLandlord: Structure, exterior, common parts, lift, lighting and heating to common areasCovenantTMBC is a well-established local authority with detailed annual accounts and a strong financial management framework. Latest financial statements and budget details are publicly available