Current Instructions

Residential Investment

Nevill Terrace, Tunbridge Wells TN2

Available
DESCRIPTION
  • An attractive Victorian stucco-fronted block of 13 apartments (5 sold off) in an affluent residential location.
  • Only 0.6 miles from Tunbridge Wells station which offers direct trains to London Bridge, Waterloo East and London Charing Cross stations.
  • Tunbridge Wells has benefited substantial rental growth of 4.5% over the last 12 months.
  • The block was refurbished and extended in 2023 and benefits from a 10 year Build-Zone warranty.
  • The 8 x 2 bed flats have a total NIA of 5,951 sq ft.
  • Five flats are let producing a total income of £102,905 per annum. Once the block is fully let the total income is expected to be £165,305 per annum.
  • Freehold
PROPOSAL

Guide Price : £2,300,000
subject to contract

GROSS YIELD

7.2%

CAPITAL VALUE

£386 psf

Freehold Residential Investment Opportunity
Key features
Attractive stucco-fronted block of 13 apartments
0.6 miles from Tunbridge Wells Station
Recently refurbished block of 8 x 2 bed flats
NIA of 5,951 sq ft
ERV of £165,305 per annum
CONTACT THE TEAM
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