Lot 75: OUTSTANDING RESIDENTIAL INVESTMENTS COMPRISING A FLAT, ONE PARKING BAY AND THREE STUDIOS WITH PLANNING FOR FURTHER CONVERSION

Sold £370,000

An outstanding investment opportunity comprising the majority of the ground floor of this attractive double fronted building, situated in one of the most prestigious locations in Tunbridge Wells, a few doors away from the Royal Wells Hotel and close to the busy town centre.

The accommodation is arranged to provide a self-contained flat together with three further self-contained studio units, each let on Assured Shorthold Tenancy Agreements and have fitted kitchen units and private bathroom/shower rooms with W.C’s.

Ground Floor

Flat 3

Entrance hall, living room/kitchen, bedroom with en-suite bathroom/W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £1,040 per calendar month.

Studio 4

Living/bedroom with kitchenette and separate shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £780 per calendar month.

Studio 5

Living/bedroom with kitchenette and separate shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.

Studio 6

Living/bedroom with kitchenette and separate shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £620 per calendar month.

Planning

Planning Permission has previously been granted by Tunbridge Wells Borough Council under ref: TW/07/02267/FUL, dated 10th July 2007, for the change of use of basement, ground and first floors to six flats, subject to conditions.

A copy of the Planning Consent and proposed plans will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

The extent of the property to be sold comprises the ground floor scheme and Flat 3 comprises the front ground floor flat of the scheme. The three studios at the rear therefore have Planning Permission for conversion to provide as further self-contained two bedroom flat.

Proposed Accommodation

Flat 4 – Conversion From Studios 4, 5 & 6

Ground Floor

Entrance hall, living/dining room, separate kitchen, main bedroom with en-suite shower room, bedroom and bathroom with W.C.

Tenure

Remainder of a 999 year lease from 1st May 2005.

Residential EPC: E