Warehouses for Sale near the TN2, Tunbridge Wells

Tonbridge Portfolio of properties for Sale

Investment Summary: ¦ Urban multi let estate located in the centre of Tonbridge with significant future redevelopment potential. ¦ Tannery Road Industrial Estate benefits from excellent transport links, accessed directly via the A26 which in turn links to the A21 leading to Junction 5 of the M25. ¦ The Estate totals 59,748 sq ft and comprises 15 industrial units ranging from approx. 2,000 – 8,200 sq ft. ¦ Fully let to 11 tenants producing a total income of £715,256 per annum, equating to a low passing rent of £11.97 psf. ¦ Tenants include Royal Mail Group Ltd, Belron UK (t/a Autoglass) and Garden House Collections Ltd (t/a Neptune). ¦ Unexpired term of 3.86 years to expiries and 3.02 years to breaks. ¦ Significant future redevelopment potential – the site is identified within the Tonbridge Local Plan for future residential development. ¦ Site area of approximately 2.8 acres providing a low site cover of 45%. ¦ Freehold. Proposal: Offers are invited in excess of £11,657,000 (Eleven Million Six Hundred and Fifty Seven Thousand Pounds), subject to contract and exclusive of VAT, reflecting a headline net initial yield of 5.75% assuming purchasers costs of 6.71%. This represents a low capital value of £195 psf.

Date on Market:

06/11/2025

Tonbridge Industrial for Sale

Property Subtype:

Warehouse

Date on Market:

28/05/2024