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55-57 Grosvenor Rd 756 sq ft Retail Property Tunbridge Wells TN1 2AY £190,000 (£251.32/sq ft)
Investment Highlights
- Prominent town centre location.
- Retail let until 2026, £12,000 p.a. rent New lease terms verbally agreed at £13,000 p.a. rent.
- Mixed-use freehold.
- Additional ground rent - £200 p.a. from long residential leases.
Executive Summary
This property is at the end of a terrace of similar style retail and residential buildings. The property comprises a ground-floor retail premises, with a basement area currently trading as a barber, having done so for around 20 years. The upper parts comprise 2 self-contained one-bedroom flats, which have been sold off, with a little over 75 years remaining on each lease.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
756 sq ft
Costar Property Class
B
Year Built
1908
Price
£190,000
Price per sq ft
£251.32
Tenancy
Single
Number of Floors
4
Frontage
26 ft on Grosvenor Road
Amenities
- Freeway Visibility
- Security System
- Public Transportation
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Nearby Major Retailers
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55-57 Grosvenor Rd
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