High Street, Tonbridge, Kent
Size
4,069
Tenure
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EPC
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Parking
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- Primary use
- Mixed use
- Other use(s)
- High street retail
No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
- Transport links
- Well connected
Key features
- Freehold mixed use investment opportunity with rear car park in the heart of Tonbridge town centre.
- Ground floor retail unit and 7 x residential flats of which 3 are sold off on long leases.
- Fully let producing £90,100 per annum.
- Prominent position on the High Street, within a busy and established commercial location.
- Offers invited in the region of £1,200,000 for the freehold interest, reflecting a 7.15% NIY when allowing for 6% purchase costs.
Description
The ground floor comprises a well-positioned retail unit which is just over 2,000 sq.ft with a prominent frontage onto the High Street, benefitting from the strong pedestrian and vehicular activity associated with its central town centre location.
The commercial accommodation is currently let on a 10-year lease, providing an established income stream from the retail element of the property.
The residential element comprises seven apartments, accessed separately from the commercial accommodation. Three of the apartments have been sold on long leases for prices ranging from (£215,000 to £375,477 ), with the remaining units forming part of the investment being offered for sale, creating a diversified income profile across the property. The property also benefits from a rear car park with space for up to 6 cars which is accessed via Lyons Crescent.
- Service charge
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- Business rates
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- Use class
- E, C3
- Listed building
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- Floors in building
- 4
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- BREEAM rating
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- Environmental description
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Brochure
High Street, Tonbridge, Kent
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