84-96 Mount Pleasant Rd - Storefront Retail/Office CONDO FOR SALE
Tunbridge Wells, KEN TN1 1RT |
$950,000 USD
189-257-1825
84-96 Mount Pleasant Rd
Tunbridge Wells, KEN TN1 1RT
HIGHLIGHTS
- The property comprises a ground floor restaurant/retail unit with basement storage/staff and vacant first and second floor ancillary accommodation
- Royal Tunbridge Wells is an attractive and affluent Kent spa town, situated c. 35 miles south east of London and 30 miles north east of Brighton
- The property forms part of the Opera Colonnade which was constructed in 1902 in a symmetrical Neo-Georgian style with a Baroque centrepiece.
- The property is built of red brick with ashlar dressings, timber sash windows and topped with a feature copper dome
OVERVIEW
Freehold.
Offers are sought in the region of £950,000 (Nine Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 7.5% on the rental income after allowing for purchaser’s costs of 5.22% plus £160 psf on the self-contained first and second floors.
FOR SALE DETAILS
PRICE
$950,000 USD
PRICE/SF
$186 USD /SF
CAP RATE
8.57%
# OF UNITS
1
CONDO SIZE
-
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
28,795 SF
STORIES
5
BUILDING CLASS
B
YEAR BUILT
1878
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.85 AC
LAND SF
37,026 SF
ZONING
-
APN/PARCEL ID
K176673,K280625,K726808,K787059,K835934,K882569,K986355,TT20766,TT45623
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189-257-1825
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189-257-1825
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