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Kenwood House 1 Upper Grosvenor Rd

21,356 SF 75% Leased Office Building Tunbridge Wells TN1 2DU $1,905,367 ($89/SF) 5.06% Cap Rate

INVESTMENT HIGHLIGHTS

  • High footfall
  • Bus route
  • Tenanted investment opportunity

EXECUTIVE SUMMARY

A prominent, multi-let freehold building located in the heart of Tunbridge Wells. Comprising four ground-floor retail units, two floors of office space above, and a car park to the rear. The property generates an annual rental income of £75,929.
Previously approved for conversion from office to residential use (8 apartments), though the approval has expired. Vacant possession is available on part of the office floors.
Ideal for investors seeking a mixed-use property with strong potential for future redevelopment.

ATTACHMENTS

Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
21,356 SF
Building Class
B
Year Built
1974
Price
$1,905,367
Price Per SF
$89
Cap Rate
5.06%
NOI
$96,412
Percent Leased
75%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,339 SF
Slab To Slab
11’
Building FAR
1.44
Lot Size
0.34 AC
Parking
17 Spaces (1.8 Spaces per 1,000 SF Leased)

AMENITIES

  • Commuter Rail
  • Central Heating
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste Rear
  • 2,042 SF
  • Office
  • Full Build-Out
  • Now

Contemporary office suites on the first and second floors of an imposing multi-let town centre office building with rear parking.

  • 2nd Fl-Ste Front
  • 1,265 SF
  • Office
  • Full Build-Out
  • Now

Contemporary office suites on the first and second floors of an imposing multi-let town centre office building with rear parking.

  • 2nd Fl-Ste Rear
  • 2,042 SF
  • Office
  • Full Build-Out
  • Now

Contemporary office suites on the first and second floors of an imposing multi-let town centre office building with rear parking.

Space Size Space Use Condition Available
1st Fl-Ste Rear 2,042 SF Office Full Build-Out Now
2nd Fl-Ste Front 1,265 SF Office Full Build-Out Now
2nd Fl-Ste Rear 2,042 SF Office Full Build-Out Now

1st Fl-Ste Rear

Size
2,042 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste Front

Size
1,265 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste Rear

Size
2,042 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste Rear

Size 2,042 SF
Space Use Office
Condition Full Build-Out
Available Now

Contemporary office suites on the first and second floors of an imposing multi-let town centre office building with rear parking.

2nd Fl-Ste Front

Size 1,265 SF
Space Use Office
Condition Full Build-Out
Available Now

Contemporary office suites on the first and second floors of an imposing multi-let town centre office building with rear parking.

2nd Fl-Ste Rear

Size 2,042 SF
Space Use Office
Condition Full Build-Out
Available Now

Contemporary office suites on the first and second floors of an imposing multi-let town centre office building with rear parking.

  • Listing ID: 31489659

  • Date on Market: 4/12/2024

  • Last Updated:

  • Address: 1 Upper Grosvenor Rd, Tunbridge Wells TN1 2DU

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