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AGENT'S DETAILS


5, St. Johns Road, Tunbridge Wells, TN4 9TN

For sale: £1,500,000.00|4304 Sq Ft|Office, Retail, Offices, Residential Land, Leisure Property, Land, Healthcare, Mixed Use, Residential, Licensed & Leisure, Commercial Land, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£1,500,000.00
SIZE4304 Sq Ft
ADDRESS5 St. Johns Road, TN4 9TN
TYPEOffice, Retail, Offices, Residential Land, Leisure Property, Land, Healthcare, Mixed Use, Residential, Licensed & Leisure, Commercial Land, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON28th January 2019

DESCRIPTION

This is a former Nat West bank more recently having been converted and operated as a cycling themed café and retail / servicing outlet with ancillary offices. To the side of the building is a large car park for around 12 cars.
The building has undergone comprehensive improvements since the previous owner acquisition in 2013. From our historic measurements the building has the approximate net internal areas:
Ground – 1528 sq ft (142 sq m)
Basement – 936 sq ft (87 sq m)
First – 1130 sq ft (105 sq m)
Second – 764 sq ft (71 sq m)
Total Area - 4358 sq ft (405 sq m)

Planning Permissions
New build block over the car park for 9 apartments & retaining existing commercial building – as follows: -

Ground - Parking – 9 spaces
First – 3 no. 1 bedroom
Second – 3 no. 1 bedroom
Third – 2 no. 2 bedroom
Fourth – 1 no. 3 bedroom penthouse
There is a proposed total combined area for the apartments of 6910 sq ft (642 sq m)
Plus
Existing Building (Commercial Use)
Reduced Floor Area - 4304 sq ft (400 sq m)

Planning reference: - TW/19/02228/FULL

NB – the above areas have been provided by Open Architecture and are on a gross internal basis. Interested parties are advised to clarify these figures directly.

There is also a valid consent to convert and extend the existing building, to form an office or retail area and 2 no. apartments and build an interconnecting new block over 1st,2nd and 3rd floors, to create a further 6 no. apartments, retaining the existing parking at ground level. Ref: - 17/02720/FULL
This consent provides for the following accommodation:
Ground
Office / Retail area – 786 sq ft plus existing basement area – 689 sq ft.
First
3 bed - 1335 sq ft (existing building with extension)
1. 2 bed. – 829 sq ft (new)
2. 3 bed – 1313 sq ft (new)
Second
3 bed. – 1238 sq ft (existing building with extension)
3. 2 bed. – 829 sq ft (new)
4. 3 bed. – 1313 sq ft (new)
Third
2 bed. – 807 sq ft (new)
5. 3 bed. – 1206 sq ft (new)
There are 8 car spaces for the apartments and 2 retained for the commercial element.

Offers are sought in excess of £1,500,000 for the Freehold. The property is to be sold with vacant possession.

LOCATION

Location: 5 St. Johns Road, TN4 9TN

Tunbridge Wells (0.5 miles)

High Brooms (1.1 miles)

Frant (2.7 miles)

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