Location
This property is situated in the affluent town of Tunbridge Wells in north-west Kent, approximately 35 miles south of central London. Tunbridge Wells is approximately 5 miles to the south of Tonbridge; 17.5 miles south-west of Maidstone and 23 miles east of Crawley.
Mount Pleasant Road is the principal retail district, leading from the Royal Victoria Place Shopping Mall, through to the High Street.
The town`s main line train station is within moments’ walk being around 100 metres distant.
Other established occupiers in this parade include Wagamama, Russell & Bromley, and JoJo Maman Bebe, with Lloyds Bank and Jones Bootmaker also being close by.
New openings include – Bubba & Me (60), Bocca Social, and Wagamama have extended into no. 52.
Black Sheep Coffee have leased 27 with their fit out pending.
Description
A fine period building arranged over ground, basement, first, second, third / fourth (mansard roof) floors, at the end of the terrace with return frontage.
The ground and basement area, comprises retail space, and is leased to Closs & Hamblin (haberdashery).
The upper floors comprise 3 no. 2 bedroom apartments with self-contained access from the side of the building.
Floor Areas / Accommodation
Retail
Ground Floor / Raised Ground Floor: Retail Sales – 935 sq ft (86.8 sq m).
Lower Ground Floor: Office – 76 sq ft (7.0 sq m)
Staff / Stores – 307 sq ft (28.5 sq m)
Stores (Vault) – 209 sq ft (19.4 sq m)
WCs – not measured
Residential
First Floor: Flat 1 – 2 bedrooms – 786 sq ft (73.0 sq m)
Second Floor: Flat 2 – 2 bedrooms – 743 sq ft (69.0 sq m)
Third Floor / Mansard Roof: Flat 3 – 2 bedrooms – 1044 sq ft (97.0 sq m)
Note: – The above areas are taken from the letting agent’s details and interested parties are advised to check these directly.
Current Rental Income
The combined gross rental income is £80,240 per annum.
Energy Performance Certificates
Retail – D – valid till 23.12.2031
Apt 1. – E – valid till 17.06.2025
Apt 2. – C – valid till 10.08.2031
Apt 3. – D– valid till 22.03.2031
Tenure
Freehold – subject to the occupational tenancies.
Guide Price
£1.3 million