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For SalePOA

Retail Investments

Retail, Retail - High Street, Offices
Property type: Retail, Retail - High Street, Offices
Tenure: Investment Opportunity, For Sale Leasehold
Price: POA
Location: 53-55 Calverley Road & 2-6 Camden Road Calverley House, Calverley Road, Tunbridge Wells, TN1 2TU
Tunbridge Wells is an affluent and historic spa town located approximately 35 miles south east of central London with a primary catchment of a little over 300,000 people.

The town is situated on the A26 which links via the A21 dual carriageway with junction 5 of the M25 motorway and has a frequent main line train service to London (average journey time approx. 50 minutes).

Situation

Calverley House is in the heart of the town`s principal retail area, opposite the pedestrianised section of Calverley Road. Tunbridge Wells’ retail offer within the town extends over an extensive pitch from this property and the Royal Victoria Place Shopping Mall, which is opposite, and down to The Pantiles at the southern end of town, taking in Mount Pleasant Road and the High Street. The train station is around 600 metres to the south at the bottom of Mount Pleasant Road.

Royal Victoria Place is anchored by Marks & Spencer and Fenwicks. Occupiers opposite the Camden Road elevation include White Stuff and Millets, and those opposite the Calverley Road elevation include Edinburgh Wool co., Sharps and Fired Earth.

The closest car park is the Crescent Road multi-storey leading onto Monson Road and The Royal Victoria Place multi-storey.

Description

These retail units form the majority of the ground and lower-ground floor levels of a purpose built 1960s building, which currently comprises four upper floors of offices.

These upper floors have recently received approval for conversion to 112 apartments.

There are 7 no. smaller units on Camden Road, and 3 larger stores facing Calverley Road.

Tenancy Schedule - See pdf details which can be downloaded from www.calverleyhouseretail.co.uk

Tenure – Each property is available by way of a new 999 year lease, subject to a peppercorn ground rent.

Proposal – Our client will consider sales of the units individually, in multiples, or as a whole. Subject to contract, availability & proof of funding

Leases- Further information is available via the property`s website – www.calverleyhouseretail.co.uk

Viewings - Strictly by appointment through the joint-sole agents :
Durlings : Rupert Farrant - 01892 552500 – rupert@durlings.co.uk - www.durlings.co.uk
Cedar Dean : Jason Ben-Zion – 0207 1005520 – jason@cedardean.com www.cedardeangroup.com
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