Commercial property for sale in High Street, Tonbridge TN9

Strapline

Auction Sale - 28/02/2024

A freehold Mixed-Use investment opportunity Situated on a popular high street and conveniently located for Tonbridge station with development potential for 9 additional dwellings (subject to the requisite consents).

Part vacant. Current rental income £44,138 p.a.

Description

Comprises a range of buildings at the northern end of the High Street, with both High Street and Castle Street frontages. The buildings are over ground, first and second floors with cellar.

The building comprises of 2 retail units at ground floor level, One of these retail units can also be accessed at the rear of the property via castle Street which also has shop frontage. There is vacant office/storage space at first floor level at 146 High Street and a flat located at 2nd floor level. An office situated over ground and first floor is accessed at Castle Street.

Planning has been achieved for an additional 3 residential dwellings on site, planning has been submitted for an additional 6 dwellings in the retail and office space on Castle Street.

Once planning is achieved this would give a total of 9 dwellings that can be built on site + the existing residential unit would allow for a total of 10 residential dwellings in the property and 2 retail units that would front onto the High Street (subject to the requisite consents)

Please refer to the plans for further details on the proposed development.

Nearby occupiers include a wide range of local boutique and independent retailers

Location

Tonbridge is a thriving market town with a resident population of approximately 40,000.

The town offers an excellent range of retail and leisure facilities with many High Street stores, banks and building societies, together with a selection of coffee shops, restaurants and local pubs.

It boasts a fine example of a 'Motte and Bailey' castle built in the 13th century, set on the banks of the river Medway.

Tonbridge mainline station provides fast commuter links into London (Cannon Street/London Bridge/Charing Cross in approximately 35-50 minutes) with road links to the M20 & M25 motorways via the nearby A26 and A21 dual carriageways.

Tonbridge also offers first rate primary and secondary schools (including Grammars and Public Schools)many of which consistently do well in the league tables.

Tenancy

Please refer to Accommodation/Tenancy schedule

Accommodation

146 High Street:

Ground Floor (Retail) - 564 sq. Ft

Ground Floor (Ancillary) - 80 sq. Ft

First Floor (Ancillary) - 178 sq. Ft

148 High Street & part 8-10 Bank Street & 7 Castle Street:

Ground Floor (Retail / Storage) - 3,277 sq. Ft

Cellars - 1,216 sq. Ft

146A High Street:

First Floor (Offices) - 626 sq. Ft

146B High Street:

First Floor (Storage) - 272 sq. Ft

146C High Street:

Second Floor (Flat) - 780 sq. Ft

Part 8-10 Bank Street & part 7 Castle Street:

Ground Floor - 109 sq. Ft

First Floor - 1,490 sq. Ft

Planning

Ton Bridge & Malling Borough Council

Ref tm/22/01146/pdvgr

Description Prior Notification: Change of use from a use within Class E (commercial, business and service) of Schedule 2 to the Use Classes Order, to a mixed use for any purpose within that Class and the conversion of the first floor to create to 2no. Self-contained residential units

Proposed:

• Unit 1 = 1 bed 51.8 sqm
• Unit 2 = 1 bed 53.82 sqm

Status Planning Approved

Ref tm/22/00741/fl & tm/22/00847/lb

Description Change of use of ground and first floor space from Ancillary Commercial (Use Class E)to Residential (Use Class C3) to form one self-contained residential unit

Proposed:

• Unit 1 = Duplex Flat 1 bed 58.35 sqm

Status Planning Approved

2 Sperate planning applications submitted and validated for 6 x flats (not yet approved)

Ref 23/03474

Description Change of use and conversion of first floor from Class E (Office) to Class C (Residential) with internal alterations to form 3 residential units

Proposed

• Unit 1 = 1 bed 53 sqm
• Unit 2 = 1 bed 51 sqm
• Unit 3 = 1 bed 50 sqm

Status Application submitted

Ref24/00142/pa

Description Change of use and conversion of ground floor from class E (retail) to Class C (Residential) with internal alterations to form 3 residential units

Proposed

• Unit 1 = 1 bed 64.57 sqm
• Unit 2 = 2 bed 85.57 sqm
• Unit 3 = 1 bed 61.84 sqm

Status Application submitted

146 + 148 High Street are Grade II Listed. The buildings are all in a Conservation Area.