Marketed by
Oldfield Smith
East Sussex
Eden House, River Way, Uckfield TN22 1SL, UK
Under Offer
1 of 12
POA
126/126a London Road, Southborough, Tunbridge Wells, TN4 0PL
2989 sq. ft (277.69 m²)
Key features
- Current passing rent of £35,750 per annum
- Established tenants in occupation
- Self-contained three-bedroom maisonette with garage
- Attractive opportunity for investors seeking income and future growth
Description
Oldfield Smith are pleased to bring to market this mixed use multi let reversionary investment property. 126a fronts the main retailing area of London Road and is a three storey standalone building with Dignity Funerals trading from the ground floor and a private individual residing in the 3 bedroom maisonette above. 126 is accessed below the flying freehold to the rear and is a two storey E Class building with Arty Farty as the tenant.
Ground Floor, 126a – A new lease for 15 years with 3 yearly tenant only breaks and 9% rental increases every 3 years, with a commencing rent of £10,750 pax.
Maisonette, 126a – A new periodic tenancy has been granted at £1,000 pcm with annual rent reviews settled to market rent.
126 – A 6 year lease expiring 28 November 2030 with a passing rent of £13,000 pax with mid term break and rent review.
There is real scope to increase the rents on the residential and 126 in 2027 making this investment reversionary.
Ground Floor, 126a – A new lease for 15 years with 3 yearly tenant only breaks and 9% rental increases every 3 years, with a commencing rent of £10,750 pax.
Maisonette, 126a – A new periodic tenancy has been granted at £1,000 pcm with annual rent reviews settled to market rent.
126 – A 6 year lease expiring 28 November 2030 with a passing rent of £13,000 pax with mid term break and rent review.
There is real scope to increase the rents on the residential and 126 in 2027 making this investment reversionary.
Reference: 370864_sales
Download Sales Details
Marketed by
Oldfield Smith
East Sussex
Eden House, River Way, Uckfield TN22 1SL, UK
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