Non quoting
Industrial for sale126/126A London Road, Southborough, Tunbridge Wells TN4
2,989 sq. ft
Just added
Freehold
About this property
Freehold mixed-use investment opportunity
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.
Location
Located in Southborough, just north of Royal Tunbridge Wells, the property occupies a prominent position on London Road, a main route linking the town with surrounding areas. The location benefits from a mix of residential and commercial occupiers, strong local amenities, and excellent transport connections, making it an established and desirable investment setting.
Sizes:
126 – Arty Farty Retreat
Ground Floor - 890 sq ft (82.67 m2)
First Floor - 985 sq ft (91.47 m2)
Total - 1,875 sq ft (174.14 m2)
Ground Floor - 479 sq ft (44.49 m2)
126a – Dignity Funerals
Ground Floor - 526 sq ft (48.88 m2)
Private individual
First & Second Floors -Self-contained 3 bedroom maisonette plus garage of 109 sq ft (10.14 m2)
Aml
In line with the relevant legislation, Anti-Money Laundering checks will need to be carried out on all relevant parties. We charge £30 +VAT for this service.
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.
Location
Located in Southborough, just north of Royal Tunbridge Wells, the property occupies a prominent position on London Road, a main route linking the town with surrounding areas. The location benefits from a mix of residential and commercial occupiers, strong local amenities, and excellent transport connections, making it an established and desirable investment setting.
Sizes:
126 – Arty Farty Retreat
Ground Floor - 890 sq ft (82.67 m2)
First Floor - 985 sq ft (91.47 m2)
Total - 1,875 sq ft (174.14 m2)
Ground Floor - 479 sq ft (44.49 m2)
126a – Dignity Funerals
Ground Floor - 526 sq ft (48.88 m2)
Private individual
First & Second Floors -Self-contained 3 bedroom maisonette plus garage of 109 sq ft (10.14 m2)
Aml
In line with the relevant legislation, Anti-Money Laundering checks will need to be carried out on all relevant parties. We charge £30 +VAT for this service.
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