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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
| Price | £950,000 |
| Unit Size | 5,118 SF |
| No. Units | 1 |
| Total Building Size | 28,795 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 5 |
| Typical Floor Size | 5,759 SF |
| Year Built | 1878 |
| Lot Size | 0.85 AC |
| Unit Size | 5,118 SF |
| Price | £950,000 |
| Price Per SF | £185.62 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.57% |
| NOI | £81,375 |
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
Freehold.
Offers are sought in the region of £950,000 (Nine Hundred and Fifty 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
TUNBRIDGE WELLS - 96 Mount Pleasant Road FH
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