5 St Johns Road, Tunbridge Wells, Kent TN4 9TN

Location

This property is prominently located directly on St Johns Road (A26) a major route into the centre of Tunbridge Wells, in North West Kent. Immediately behind the property is Royal Wells Springs – a development by Berkeley Homes.

 Description

This is a former Nat West bank more recently having been converted and operated as a cycling themed café and retail / servicing outlet with ancillary offices. To the side of the building is a large car park for around 12 cars.

The building has undergone comprehensive improvements since the previous owner acquisition in 2013. From our historic measurements the building has the approximate net internal areas:

Ground –               1227 sq ft (114 sq m)

Basement –            689 sq ft (64 sq m)

First –                      614 sq ft (57 sq m)

Second –               398 sq ft (37 sq m)

Total Area –            2928 sq ft (272 sq m)

 Planning Permission

The proposal is to convert and extend the existing building, to form an office or retail area and 2 no. apartments  and build an interconnecting new block over 1st,2nd and 3rd floors, to create a further 6 no. apartments, retaining the existing parking at ground level. Ref: – 17/02720/FULL

This consent provides for the following accommodation:

Ground

Office / Retail area – 786 sq ft plus existing basement area – 689 sq ft.

First                   3 bed – 1335 sq ft (existing building with extension

2 bed. – 829 sq ft (new)

3 bed – 1313 sq ft (new)

Second             3 bed. – 1238 sq ft (existing building with extension)

2 bed. – 829 sq ft (new)

3 bed. – 1313 sq ft (new)

Third                2 bed. – 807 sq ft (new)

3 bed. – 1206 sq ft (new)

There are 8 car spaces for the apartments and 2 retained for the commercial element.

Alternative Proposals

Option A.New build block in the car park for 9 units & retaining existing commercial building – as follows:-

Ground –                Parking

First – Third –        6 no. 2 beds –         807 sq ft – each

Fourth –                  2 no. 2 beds. –       646 & 689 sq ft

Fifth –                      1 no. 3 bed. –        904 sq ft

Total –                    9 apartments –       7081 sq ft

Plus

Existing Build (Commercial Use)

Existing Floor Area –                             2928 sq ft

Proposed Rear Extension –                  2561 sq ft

Total potential area –                          5489 sq ft

Option B – Part new build, part conversion & extension to provide a single commercial / office building: –

This proposal demonstrates the potential to create 11,500 sq ft of space, on a net internal basis whilst retaining 9 car spaces.

NB – The above proposals are subject to obtaining all the necessary consents.

Tenure

Freehold with vacant possession.

Guide Price

Offers are sought in excess of £1,600,000

Viewings

Strictly by appointment and accompanied as the site is currently in use.

Further Information

Full planning details can be accessed via the following Dropbox link:-

https://www.dropbox.com/sh/0wddsh90b4ij01n/AABQ5iOQxiwMEaW7NhCGG3yza?dl=0

Alternative sketch proposals are available on request.



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Property Status

FOR SALE

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Property Details

Location: Tunbridge Wells
Description: A prominently located building with large car park with the benefit of planning consent the retention of the building and extending to create 8 large apartments.
Further proposals for 9 new build apartments and conversion and extension of the existing building to provide an additional 5489 sq ft of commercial space, and conversion and extension to provide a single commercial building of approx. 11,500 sq ft - all subject to obtaining the necessary consents.
Tenure: Freehold
Price: Guide Price - Offers sought in excess of £1,600,000

Professional Services

Durlings have the expertise and local knowledge to carry out commercial valuations. Durlings are also able to offer both landlords and tenants representation in rent review or lease renewal negotiations. Find out more

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Contact us

22 Mount Ephraim Road,
Tunbridge Wells,
Kent. TN1 1ED

t: 01892 552 500 | f: 01892 535 526
e: office@durlings.co.uk

01892 552 500