Bridge House, 97-101 High Street, Tonbridge, Kent TN9 1DR
Investment For Sale
For Sale: £6,000,000 for the Freehold
Description
Bridge House is a town centre, newly converted and extended office to residential development, now comprising 19 apartments - 7 no. 1 bedroom apartment & 12 no. 2 bedroom apartments, and 9 undercroft parking spaces and lift, along with a ground floor retail unit.
Situated in the affluent town of Tonbridge in northwest Kent - 35 miles from central London. Junction 5 of the M25 is 10 miles to the north and London Bridge Station is 33 mins. On the train.
Current rental income - £309,500 per annum, with annual CPI linked increase (caped at 4% pa).
Fully let to Tonbridge & Malling District Council.
Estimated Gross Development Value estimated to be in the region of £7,000,000.