FOR SALE
FREEHOLD INVESTMENT OPPORTUNITY – High Street, Tonbridge, TN9 1DR – (19 Apartments)
£6,950,000
Guide Price
Apartment
in Tonbridge
, Kent
1 Bedrooms
1 Reception Rooms
1 Bathrooms
Freehold
Property Features
- Newly Converted & Extended Development
- 19 Apartments - Converted & Refurbished
- 7 x 1 Bedroom Units
- 12 x 2 Bedroom Units
- Prominent Central Town Centre Location
- Annual Residential Income 3309,500 PA
- 10yr Lease Tonbridge & Malling District Council
- CPI- Linked Rent review Capped at 4% Anually (Tenant break at year 5)
- Lift Access to All Floors
- Private Terraces, Courtyards
Description
Property Summary
FREEHOLD RESIDENTIAL INVESTMENT – TONBRIDGE TOWN CENTRE
19 High Quality Apartments Fully Let to Tonbridge & Malling Borough Council
Passing Income: £309,500 per annum
Investment 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 units
Passing rent: £309,500 per annum (exclusive)
Lease term: 10 years + 1 day from 18 June 2025
Rent reviews: CPI-linked, capped at 4% annually
Tenant break at year 5, subject to 30 days’ notice
Prominent High Street position opposite Tonbridge Castle
Secure undercroft parking (10 spaces) and bicycle storage
Lift access to all floors
Several 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 floors
Secure undercroft parking for 10 vehicles
Bicycle storage
High-quality finishes and contemporary design
Select 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’ walk
Direct 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 miles
Eurotunnel approx. 50 miles
Lease Summary
Tenant: Tonbridge & Malling Borough Council
Use: Residential (upper floors)
Passing Rent: £309,500 per annum exclusive
Lease Term: 10 years + 1 day from 18 June 2025
Rent Review: Annual CPI-linked increase, capped at 4%
Break: Tenant break option at year 5 (30 days’ written notice)
Repairing Obligations
Tenant: Internal repairs and redecoration; fair wear and tear at end of term
Landlord: Structure, exterior, common parts, lift, lighting and heating to common areas
Covenant
TMBC 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
19 High Quality Apartments Fully Let to Tonbridge & Malling Borough Council
Passing Income: £309,500 per annum
Investment 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 units
Passing rent: £309,500 per annum (exclusive)
Lease term: 10 years + 1 day from 18 June 2025
Rent reviews: CPI-linked, capped at 4% annually
Tenant break at year 5, subject to 30 days’ notice
Prominent High Street position opposite Tonbridge Castle
Secure undercroft parking (10 spaces) and bicycle storage
Lift access to all floors
Several 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 floors
Secure undercroft parking for 10 vehicles
Bicycle storage
High-quality finishes and contemporary design
Select 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’ walk
Direct 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 miles
Eurotunnel approx. 50 miles
Lease Summary
Tenant: Tonbridge & Malling Borough Council
Use: Residential (upper floors)
Passing Rent: £309,500 per annum exclusive
Lease Term: 10 years + 1 day from 18 June 2025
Rent Review: Annual CPI-linked increase, capped at 4%
Break: Tenant break option at year 5 (30 days’ written notice)
Repairing Obligations
Tenant: Internal repairs and redecoration; fair wear and tear at end of term
Landlord: Structure, exterior, common parts, lift, lighting and heating to common areas
Covenant
TMBC 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
Stamp duty
Use our free stamp duty calculator to see how much stamp duty you would need to pay on this property.
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FREEHOLD RESIDENTIAL INVESTMENT – TONBRIDGE TOWN CENTRE
19 High Quality Apartments Fully Let to Tonbridge & Malling Borough Council Passing Income: £309,500 per annum Investment 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 units Passing rent: £309,500 per annum (exclusive) Lease term: 10 years + 1 day from 18 June 2025 Rent reviews: CPI-linked, capped at 4% annually Tenant break at year 5, subject to 30 days’ notice
Prominent High Street position opposite Tonbridge Castle Secure undercroft parking (10 spaces) and bicycle storage Lift access to all floors Several 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 floors Secure undercroft parking for 10 vehicles Bicycle storage High-quality finishes and contemporary design Select 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’ walk Direct 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 miles Eurotunnel approx. 50 miles
Lease Summary
Tenant: Tonbridge & Malling Borough Council Use: Residential (upper floors) Passing Rent: £309,500 per annum exclusive Lease Term: 10 years + 1 day from 18 June 2025 Rent Review: Annual CPI-linked increase, capped at 4% Break: Tenant break option at year 5 (30 days’ written notice) Repairing Obligations Tenant: Internal repairs and redecoration; fair wear and tear at end of term Landlord: Structure, exterior, common parts, lift, lighting and heating to common areas Covenant TMBC 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
19 High Quality Apartments Fully Let to Tonbridge & Malling Borough Council Passing Income: £309,500 per annum Investment 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 units Passing rent: £309,500 per annum (exclusive) Lease term: 10 years + 1 day from 18 June 2025 Rent reviews: CPI-linked, capped at 4% annually Tenant break at year 5, subject to 30 days’ notice
Prominent High Street position opposite Tonbridge Castle Secure undercroft parking (10 spaces) and bicycle storage Lift access to all floors Several 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 floors Secure undercroft parking for 10 vehicles Bicycle storage High-quality finishes and contemporary design Select 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’ walk Direct 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 miles Eurotunnel approx. 50 miles
Lease Summary
Tenant: Tonbridge & Malling Borough Council Use: Residential (upper floors) Passing Rent: £309,500 per annum exclusive Lease Term: 10 years + 1 day from 18 June 2025 Rent Review: Annual CPI-linked increase, capped at 4% Break: Tenant break option at year 5 (30 days’ written notice) Repairing Obligations Tenant: Internal repairs and redecoration; fair wear and tear at end of term Landlord: Structure, exterior, common parts, lift, lighting and heating to common areas Covenant TMBC 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
£6,950,000
Guide Price
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Tonbridge
132 High Street, Tonbridge, Kent, TN9 1BB
