Flat for sale in East Cross, Tenterden, Kent TN30

Guide price £700,000
Interested in this property? Call +44 1580 468915 * or Request Details

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Flat for sale - 5 bedrooms

5 3 4 EPC Rating: E EPC Rating: E

Tenure:
Freehold
Council tax band:
Not yet known - A band has not yet been confirmed.

Property description

***guide price: £700,000-£725,000***
This impressive Grade II listed freehold property presents a unique investment opportunity. Situated in a prime location, the property offers a mix of commercial and residential space over three floors.
The ground floor boasts a spacious and well-kept retail area, currently let to Country Clothes until 2035, providing a steady annual rental income of £27,000. The retail space is open plan with rear access to staff facilities, cellar, and toilet, which is connected to the residential 5 bedroom apartment above.
The residential apartment, accessed through its own entrance at the rear of the building, offers a comfortable and versatile living space and is well presented throughout. The first floor features a spacious landing area with wooden floorboards and exposed beams, a modern kitchen/dining room, a large sitting room with bay windows, open fire, exposed beams, and lovely views of the high street and recreational grounds. There is also a delightful master bedroom with en-suite bathroom and balcony and a further bedroom and main bathroom on this floor.
Moving up to the second level, you will find a delightful guest bedroom with a modern en-suite bathroom, two more bedrooms, and a spacious walk-in attic space/store room. The apartment has been successfully rented out as an Air B&B, generating an additional income of around £24,000 per year. Alternatively, the apartment could be let on an AST basis for longer-term tenancies, used as a second home or anyone looking to retire.
With its prime location, attractive rental income potential, and well-maintained accommodation, this freehold investment property is a lucrative opportunity for investors looking to add to their portfolio. Don't miss out on the chance to own this impressive property with a mix of commercial and residential space in a sought-after location.

This unique property is located in the heart of Tenterden, a charming Wealden town known for its affluent residents and thriving tourism industry. The town is conveniently situated between Ashford and Tunbridge Wells, making it easily accessible for visitors and residents alike.
The property is ideally located on the bustling High Street, in a prime retail location surrounded by a variety of well-known retailers, ensuring high footfall and visibility for any business. The area is highly sought after and offers great potential for a successful retail venture.
Tenterden benefits from a train station on the Kent & East Sussex Line, providing excellent transport links for both commuters and tourists. The town is a popular destination for visitors, drawn to its historic charm, picturesque surroundings, and excellent shopping and dining options.<br /><br />

Property info

Floorplan(s): Floor-Plan

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For more information about this property, please contact
Freeman Forman - Hawkhurst, TN18 on +44 1580 468915 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Freeman Forman - Hawkhurst, and do not constitute property particulars. Please contact Freeman Forman - Hawkhurst for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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