This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
77 St Johns Rd
430 SF Retail Condo Unit Offered at $403,817 in Tunbridge Wells TN4 9TT
Investment Highlights
- The subject property enjoys an ideal trading location fronting onto the busy St Johns Road (A26)
- Some 30 miles south-east of central London and close to the border with East Sussex
- The main bus and traffic route connecting Tunbridge Wells town centre to the M25.
Executive Summary
Royal Tunbridge Wells is a much sought-after Spa town in western Kent some 30 miles south-east of central London and close to the border with East Sussex. The subject property enjoys an ideal trading location fronting onto the busy St Johns Road (A26), which is the main bus and traffic route connecting Tunbridge Wells town centre to the M25. In an area of mixed commercial and residential properties the premises is located with a number of complementary businesses nearby and either side of the restaurant / café are two busy convenience stores, a Tesco Express and a Sainsbury’s Local. Within easy walking distance is The Skinners school, a boy’s grammar school with sixth form.
Property Facts
| Price | $403,817 | Building Class | C |
| Unit Size | 430 SF | Floors | 4 |
| No. Units | 1 | Typical Floor Size | 148 SF |
| Total Building Size | 1,602 SF | Year Built | 1901 |
| Property Type | Retail (Condo) | Tenancy | Single |
| Property Subtype | Storefront | Lot Size | 0.02 AC |
| Sale Type | Investment |
| Price | $403,817 |
| Unit Size | 430 SF |
| No. Units | 1 |
| Total Building Size | 1,602 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 148 SF |
| Year Built | 1901 |
| Tenancy | Single |
| Lot Size | 0.02 AC |
1 Unit Available
Unit 77 St John
| Unit Size | 430 SF | Sale Type | Investment |
| Price | $403,817 | Tenure | Freehold |
| Price Per SF | $939.11 | Cap Rate | 6.86% |
| Condo Use | Retail | NOI | $27,701.85 |
| Unit Size | 430 SF |
| Price | $403,817 |
| Price Per SF | $939.11 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.86% |
| NOI | $27,701.85 |
Description
This opportunity consists of a ground, and lower ground floor restaurant premises within a two storey mid-terraced Victorian building.
Sale Notes
Investment property for sale at £350,000 for the freehold title.
77 St Johns Road is let on a 10 year lease from November 2021 at a rental of £24,000pax. The lease includes a rent review at year 5, otherwise we understand FR&I terms. We understand that a 3 month deposit is held plus as additional security there is a guarantor.
1, 77 St Johns Road was sold in Jul 2017 with a 125 year lease. £200 per annum ground rent.
£500 per annum service charge covering any external works required as well as 50% of the building insurance premium cost.
Amenities
- Bus Line
- Courtyard
- Signage
- Energy Performance Rating - D
- Storage Space
Nearby Major Retailers
Learn More About Investing in Retail Properties
Presented by
77 St Johns Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.