AVAILABLE
7-9 Monson Road, Tunbridge Wells, Kent, TN1 1LS, Tunbridge Wells
£625,000
Retail / Leisure
property
in Tunbridge Wells
, Kent
4,533 Sq Ft
Property Features
- Freehold retail investment in Royal Tunbridge Wells.
- Prominent trading position on Monson Road, close to Calverley Road and Crescent Road multi-storey car park.
- Substantial three-storey building extending to approximately 4,533 sq ft (421.1 sq m) NIA.*
- Retail accommodation on the ground and first floors, with ancillary accommodation on the second floor.
- Benefits from an 8-person passenger lift and air conditioning (not tested).
- Let to Lakeland Limited for five years from 16 January 2023.
- Passing rent of £50,000 per annum.
- Tenant break option on 15 January 2027 not exercised.
- Guide price: £625,000, reflecting a gross initial yield of 8% before purchaser’s costs.
- Sale price advised not to attract VAT.
Description
Full Details
A substantial, mid-terrace, three-storey building comprising retail sales on the ground and first floors with ancillary
offices / staff / stores / WC’s on the second floor. The accommodation benefits from an 8-person (630kg) passenger lift and air conditioning (not tested).
Location
Royal Tunbridge Wells is an affluent and historic spa town situated approximately 35 miles south east of central London. The Borough has a resident population of around 100,000. The town is situated on the A26 which links via the A21 dual carriageway with Junction 5 of the M25 motorway and has a frequent train service to central London (approximately 60 minutes). The property occupies a prominent trading position on the south side of Monson Road and just a short distance from both Calverley Road and the Crescent Road multi-storey car park. Nearby occupiers include Cook, GO Outdoors, Headmasters, Grape Tree and Sue Ryder together with a mix of local and independent operators.
Available Area
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FOR SALE – FREEHOLD INVESTMENT OPPORTUNITY
£625,000
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Tunbridge Wells
27/29 High Street, Tunbridge Wells, Kent, TN1 1UU
