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Bridge House 97-101 High St 11,957 sq ft 100% Let Office Property Tonbridge TN9 1DR £6,000,000 (£501.80/sq ft)
INVESTMENT HIGHLIGHTS
- Bridge House is a town centre, newly converted and extended office to residential development, now comprising 19 apartments
- Situated in the affluent town of Tonbridge in northwest Kent - 35 miles from central London. Junction 5 of the M25 is 10 miles to the north
- 7 no. 1 bedroom apartment & 12 no. 2 bedroom apartments, and 9 undercroft parking spaces and lift, along with a ground floor retail unit.
EXECUTIVE SUMMARY
Freehold .
Available for sale on Freehold as an investment at a price of £6,000,000.Current rental income - £309,500 per annum, with annual CPI linked increase (caped at 4% pa). Fully let to Tonbridge & Malling District Council. Estimated Gross Development Value estimated to be in the region of £7,000,000.
Available for sale on Freehold as an investment at a price of £6,000,000.Current rental income - £309,500 per annum, with annual CPI linked increase (caped at 4% pa). Fully let to Tonbridge & Malling District Council. Estimated Gross Development Value estimated to be in the region of £7,000,000.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
11,957 sq ft
Costar Property Class
B
Year Built
1891
Price
£6,000,000
Price per sq ft
£501.80
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
2,989 sq ft
Plot ratio
1.00
Total Plot Size
0.27 ac
Parking
3 Spaces (0.25 Spaces per 1,000 sq ft Leased)
AMENITIES
- Bus Route
- Raised Floor
- Air Conditioning
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Bridge House | 97-101 High St
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