No longer on the market
This property is no longer on the market
Floorplan
MapCommercial development
Auction
Commercial development
Features and description
- Auction Date: Refer to Auctioneer
- Stunning Grade II Vacant Freehold
- Significant Redevelopment Potential (SPP)
- Ideal Commercial Investment
- Previously Rented at £96,000 Per Annum
- Potential For Circa 10% Yield
- Affluent Commuter Location
- Extremely Rare Opportunity
- EPC D
- Offers Invited
FOR SALE BY AUCTION on 26th April 2023.
Auction Guide: £900,000 (Offers Invited)
Stunning Vacant Grade II Listed Building.
Substantial attractive former Public House and Indian Restaurant site approximately 0.19 Hectares (0.47 Acres) in size with on site car park. Subject to the required consents being obtained, it is considered the building is suitable for a variety of alternative uses such as residential and or commercial redevelopment or as an investment whereupon it is worth mentioning that we are advised the previous tenant who were trading as an Indian restaurant were paying an annual rent of £96,000 per annum exclusive, thereby providing a yield of circa 10%.
The Property is situated on the West side of London Road ( A26) close to its junction with Doric Avenue and approximately 2 miles equidistant between Tonbridge to the north and Tunbridge Wells Town Centre to the South. The location known as Southborough is an affluent resident district with a number of new residential developments close to the property. Nearby occupiers include Tesco Express and Papa Johns Pizza.
TO SELL YOUR PROPERTY IN OUR NEXT AUCTION PLEASE DO CALL US NOW
Auction Guide: £900,000 (Offers Invited)
Stunning Vacant Grade II Listed Building.
Substantial attractive former Public House and Indian Restaurant site approximately 0.19 Hectares (0.47 Acres) in size with on site car park. Subject to the required consents being obtained, it is considered the building is suitable for a variety of alternative uses such as residential and or commercial redevelopment or as an investment whereupon it is worth mentioning that we are advised the previous tenant who were trading as an Indian restaurant were paying an annual rent of £96,000 per annum exclusive, thereby providing a yield of circa 10%.
The Property is situated on the West side of London Road ( A26) close to its junction with Doric Avenue and approximately 2 miles equidistant between Tonbridge to the north and Tunbridge Wells Town Centre to the South. The location known as Southborough is an affluent resident district with a number of new residential developments close to the property. Nearby occupiers include Tesco Express and Papa Johns Pizza.
TO SELL YOUR PROPERTY IN OUR NEXT AUCTION PLEASE DO CALL US NOW
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The landscape of selling property at auction has changed a lot in recent years. No longer is it seen as simply an option for properties in need of complete modernisation or repair. Today, almost any kind of property is suitable for sale at auction, regardless of value, age, size, condition or style. Here are just some of the other property types we help vendors sell at auction: Residential investments Commercial investments Mixed investments Freehold ground rents Garages Tenanted flats and houses Repossessions Flats with short leases Properties not suitable for a mortgage, such as flying freeholds Flats above commercial properties where mortgages are difficult to obtain Ready to find out how your property could perform at auction? Get in touch now for your free auction appraisal.