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77 St Johns Rd
Tunbridge Wells TN4 9TT
Retail Property For Sale · 1,602 SF
INVESTMENT HIGHLIGHTS
- The subject property enjoys an ideal trading location fronting onto the busy St Johns Road (A26)
- Some 30 miles south-east of central London and close to the border with East Sussex
- The main bus and traffic route connecting Tunbridge Wells town centre to the M25.
EXECUTIVE SUMMARY
Royal Tunbridge Wells is a much sought-after Spa town in western Kent some 30 miles south-east of central London and close to the border with East Sussex. The subject property enjoys an ideal trading location fronting onto the busy St Johns Road (A26), which is the main bus and traffic route connecting Tunbridge Wells town centre to the M25. In an area of mixed commercial and residential properties the premises is located with a number of complementary businesses nearby and either side of the restaurant / café are two busy convenience stores, a Tesco Express and a Sainsbury’s Local. Within easy walking distance is The Skinners school, a boy’s grammar school with sixth form.
PROPERTY FACTS
| Unit Size | 430 SF | Building Class | C |
| No. Units | 1 | Floors | 4 |
| Total Building Size | 1,602 SF | Typical Floor Size | 148 SF |
| Property Type | Retail (Condo) | Year Built | 1901 |
| Property Subtype | Storefront | Tenancy | Single |
| Sale Type | Investment | Lot Size | 0.02 AC |
| Unit Size | 430 SF |
| No. Units | 1 |
| Total Building Size | 1,602 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 148 SF |
| Year Built | 1901 |
| Tenancy | Single |
| Lot Size | 0.02 AC |
1 UNIT AVAILABLE
Unit 77 St John
| Unit Size | 430 SF | Tenure | Freehold |
| Condo Use | Retail | Cap Rate | 6.86% |
| Sale Type | Investment | NOI | $40,550.79 CAD |
| Unit Size | 430 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.86% |
| NOI | $40,550.79 CAD |
DESCRIPTION
This opportunity consists of a ground, and lower ground floor restaurant premises within a two storey mid-terraced Victorian building.
SALE NOTES
Investment property for sale at £350,000 for the freehold title.
77 St Johns Road is let on a 10 year lease from November 2021 at a rental of £24,000pax. The lease includes a rent review at year 5, otherwise we understand FR&I terms. We understand that a 3 month deposit is held plus as additional security there is a guarantor.
1, 77 St Johns Road was sold in Jul 2017 with a 125 year lease. £200 per annum ground rent.
£500 per annum service charge covering any external works required as well as 50% of the building insurance premium cost.
AMENITIES
- Bus Line
- Courtyard
- Signage
- Energy Performance Rating - D
- Storage Space
