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49 High St 3,656 sq ft 100% Let Retail Property Tunbridge Wells TN1 1XU £800,000 (£218.82/sq ft)
Investment Highlights
- Highly visible corner position on the prime section of Tunbridge Wells High Street within a Conservation Area
- Surrounded by established national and boutique retailers in a vibrant town centre environment
- Fully let to long-standing tenant Peepers Limited on a 20-year lease, generating £51,500 per annum
- Excellent commuter connectivity via A21, M25, and regular train services to Central London
Executive Summary
For Sale - Freehold Investment Opportunity - Producing £51,500 per annum.
This freehold investment opportunity offers an imposing five-storey end-of-terrace period building situated in the heart of Royal Tunbridge Wells’ historic High Street. The property occupies a prominent position within the town’s established pedestrianized shopping environment, surrounded by a strong mix of aspirational retailers including Anthropologie, Mint Velvet, Sweaty Betty, The Ivy, and Gails.
Currently let to Peepers Limited, which has occupied the premises since 1986, the asset produces an annual rent of £51,500 under a 20-year lease expiring in September 2043 with rent reviews in 2028, 2033, and 2038. In addition, there is a sub-lease on part of the second floor to HLC-Bromley Limited providing additional income. The building comprises a ground floor retail space with consultation rooms, multiple upper-floor rooms adaptable for office or ancillary uses, and basement storage.
This freehold investment opportunity offers an imposing five-storey end-of-terrace period building situated in the heart of Royal Tunbridge Wells’ historic High Street. The property occupies a prominent position within the town’s established pedestrianized shopping environment, surrounded by a strong mix of aspirational retailers including Anthropologie, Mint Velvet, Sweaty Betty, The Ivy, and Gails.
Currently let to Peepers Limited, which has occupied the premises since 1986, the asset produces an annual rent of £51,500 under a 20-year lease expiring in September 2043 with rent reviews in 2028, 2033, and 2038. In addition, there is a sub-lease on part of the second floor to HLC-Bromley Limited providing additional income. The building comprises a ground floor retail space with consultation rooms, multiple upper-floor rooms adaptable for office or ancillary uses, and basement storage.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
3,656 sq ft
Costar Property Class
B
Year Built
1820
Price
£800,000
Price per sq ft
£218.82
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Plot ratio
3.05
Total Plot Size
0.03 ac
Frontage
14 ft on High Street
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Nearby Major Retailers
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49 High St
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