Unit 3, Pantiles House, 2 Nevill Street, Tunbridge Wells, Kent TN2 5TT
- PROPERTY TYPE
Retail Property (high street)
- SIZE
Ask agent
Key features
- Ground floor Healthcare Investment
- Trading as Kims Clinic
- Let for a term of 15 years from 29th October 2024
- Currently producing £32,500 per annum with 13 years unexpired
- Rent rising to £37,500 per annum on 29/10/2026
- 999 year lease from 10/06/2005
- Benefits from a recent comprehensive tenant fit out
- By order of the Fixed Charge Receivers
- Gross Initial Yield of 11.2% on Guide
Description
StrapLine
Auction Sale - 29/09/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteLong leasehold Healthcare Investment trading as Kims Clinic
Currently producing £32,500 per annum rising to £37,500 in October 2026
Gross Initial Yield of 11% on Guide
Location
Situated to the west side of Neville Street, close to the junction with Market Street.
Centrally located, just to the rear of the main retail centre.
Tunbridge Wells is a popular and affluent commuter town, approximately 36 miles south east of London.
Communications are excellent with Tunbridge Wells Station within half a mile. The A26 provides access to the M25/M26.
Transport
Tunbridge Wells Station - National Rail
Tenancy
Let to Kims Hospital Limited on a 15 year lease from 29/10/2024 at an initial rent £13,750, rising to £32,500 per annum on 29/10/2025 and £37,500 from 29/10/2026. Rent reviews are then at the fifth anniversary thereafter.
Kims Hospitals Limited reported a turn over for the year ending 2024 of £49.4m.
Unit 3, Pantiles House, 2 Nevill Street, Tunbridge Wells, Kent TN2 5TT
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Tunbridge Wells Station0.4 miles
- High Brooms Station1.8 miles
- Frant Station2.2 miles
Notes
Disclaimer - Property reference 243-25225. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”