Royal Tunbridge Wells boasts one of the most affluent catchment populations and one of the strongest retailing centres.
The property provides a total area of 92,800 sq ft located in a prominent island site within the town centre.
Provides a GIA of 66,034 sq ft of modern self-contained offices and NIA of 24,901 sq ft of retail accommodation together with car parking for 115 vehicles.
Total rent passing of £1,242,750 per annum.
Tenants include Solutions & Business Space Limited, Argos, Shoon, Coral & CEX.
AWULT of 6.4 years (till break).
The Vendor is seeking offers in excess of £14,000,000 (Fourteen Million Pounds), subject to contract and exclusive of VAT, for the benefit of the freehold interest. After allowing for purchaser’s costs of 5.80%, a purchase at this level reflects a Capital Value of £124 per sq ft for the office element having applied a Net Initial Yield of 8.00% to the retail income.