Mount Pleasant House – 2-6 Lonsdale Gardens – Tunbridge Wells – Kent TN1 1HJ

INVESTMENT SUMMARY

  • Mount Pleasant House is a town centre Grade A office building providing 16,778 sq ft (1558.8 sq m) of fully refurbished space along with 56 undercroft car spaces
  • EPC rating of B
  • Situated in the affluent town of Tunbridge Wells in north west Kent – 40 miles from central London
  • Rental income from completion – £436,034 pax – Average headline office rents of £24.45/ sq ft pax
  • The office areas are currently leased to 4 separate tenants – 68% of the space, with rental guarantees on the balance. Additional roof top telecom’s income
  • WAULT to expiries of 2.83 yrs. – offices only – from 01.03.24
  • Net initial yield of 9.63 %, after standard purchaser`s costs based on 6.51%


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Property Status

FOR SALE

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Property Details

Location: Tunbridge Wells
Description: Landmark town centre office investment opportunity.
16,778 sq ft net of Grade A office space - producing £436,034 pax - net initial yield of 9.63%.
Size: 16,778 sq ft
Amenities: A/C - Lift - 56 car spaces
Tenure: Freehold - subject to occupational tenancies
Price: Guide Price - £4.25m

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