96 London Road, Southborough, Tunbridge Wells, Kent, TN4 0PW

£800,000

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Property Summary
Description Double fronted investment building arranged as HMO and commercial/retail unit. Potential gross income circa £72,500pa when fully let.

Situation The property is situated opposite the newly developed Civic Centre Square. Southborough lies immediately to the North of Tunbridge Wells on the A26.

HMO Licenced HMO on part ground, first and second floors with separate street entrance in Western Road producing £62,400pa gross. The property has an uptodate HMO Licence, which expires November 2022.

The rent is fully inclusive of council tax, gas & electricity, cleaning of common areas, use of all kitchen equipment.

Basement There is a small basement area 5m x 6m (not full head height). Separate access door to side of building.

Retail Unit (96a - VACANT POSSESSION) Stripped out unit extending to 37.77sq.m.
Main front area - 20.12sq.m. (Zone A)
Rear room/kitchen - 17.65sq.m. ( Zone B)

We are of the opinion that the estimated rental value of the shop unit is circa £10,000pa but interested parties to rely on their own investigations.

Rents & Tenancies Available upon request

private treaty - sale status

Under offer

type

On the Instructions of the Law of Property Act Receivers
Mixed commercial/residential investment ERV £72,500pa (gross)

description
Description Double fronted investment building arranged as HMO and commercial/retail unit. Potential gross income circa £72,500pa when fully let.

Situation The property is situated opposite the newly developed Civic Centre Square. Southborough lies immediately to the North of Tunbridge Wells on the A26.

HMO Licenced HMO on part ground, first and second floors with separate street entrance in Western Road producing £62,400pa gross. The property has an uptodate HMO Licence, which expires November 2022.

The rent is fully inclusive of council tax, gas & electricity, cleaning of common areas, use of all kitchen equipment.

Basement There is a small basement area 5m x 6m (not full head height). Separate access door to side of building.

Retail Unit (96a - VACANT POSSESSION) Stripped out unit extending to 37.77sq.m.
Main front area - 20.12sq.m. (Zone A)
Rear room/kitchen - 17.65sq.m. ( Zone B)

We are of the opinion that the estimated rental value of the shop unit is circa £10,000pa but interested parties to rely on their own investigations.

Rents & Tenancies Available upon request