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84-96 Mount Pleasant Rd
5,118 SF Retail Unit Offered at £1,030,000 in Tunbridge Wells TN1 1RT
Investment Highlights
- The property forms part of the Opera Colonnade which was constructed in 1902 in a symmetrical Neo-Georgian style with a Baroque centrepiece.
- The property comprises a ground floor restaurant/retail unit with basement storage/staff and vacant first and second floor ancillary accommodation
- The property is built of red brick with ashlar dressings, timber sash windows and topped with a feature copper dome
- Royal Tunbridge Wells is an attractive and affluent Kent spa town, situated c. 35 miles south east of London and 30 miles north east of Brighton
Executive Summary
The property forms part of the Opera Colonnade which was constructed in 1902 in a symmetrical Neo-Georgian style with a Baroque centrepiece. The property is built of red brick with ashlar dressings, timber sash windows and topped with a feature copper dome. It is Grade II listed and is situated in the Tunbridge Wells Conservation Area. The property comprises a ground floor restaurant/retail unit with basement storage/staff and vacant first and second floor ancillary accommodation with self-contained access from Newton Road
Property Facts
| Price | £1,030,000 | Sale Type | Investment |
| Unit Size | 5,118 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 5 |
| Total Building Size | 22,242 SF | Typical Floor Size | 4,448 SF |
| Property Type | Retail (Unit) | Year Built | 1878 |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.85 AC |
| Price | £1,030,000 |
| Unit Size | 5,118 SF |
| No. Units | 1 |
| Total Building Size | 22,242 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 5 |
| Typical Floor Size | 4,448 SF |
| Year Built | 1878 |
| Lot Size | 0.85 AC |
1 Unit Available
Unit 96
| Unit Size | 5,118 SF | Sale Type | Investment |
| Price | £1,030,000 | Tenure | Freehold |
| Price Per SF | £201.25 | Net Initial Yield | 7.90% |
| Unit Use | Retail | NOI | £81,375 |
| Unit Size | 5,118 SF |
| Price | £1,030,000 |
| Price Per SF | £201.25 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.90% |
| NOI | £81,375 |
Description
The property comprises a ground floor restaurant/retail unit with basement storage/staff and vacant first and second floor ancillary accommodation with self-contained access from Newton Road
Sale Notes
Freehold.
Offers are sought in the region of £1,085,000 (One Million and Eighty Five Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 7.5% on the rental income after allowing for purchaser’s costs of 5.22% plus £160 psf on the self-contained first and second floors.
TUNBRIDGE WELLS - 96 Mount Pleasant Road FHrgg
Amenities
- Security System
- Signage
Nearby Major Retailers
-
Josh Heap -
Andrew Morrish -
Cradick Retail
Presented by
84-96 Mount Pleasant Rd
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