£1,485,000

Retail premises for sale

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Fixed price

£1,485,000

(£201.19/sq. ft)

Retail premises for sale

Quarry Hill Road, Tonbridge TN9

7,381 sq. ft

Local area information

Property location

Nearby amenities

  • Tonbridge 0.1 miles
  • The Judd School 0.3 miles
  • Sussex Road Community Primary School 0.3 miles
  • Hildenborough 2.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

Investment Consideration:
Rental Income: £59,350 p.a.
VAT is not applicable to this property
Comprises three retail shops and three vacant office suites arranged over ground, lower ground, first and second floor
Residential development opportunity. Planning approved in July 2023 for conversion of lower ground, first and second floor vacant offices to 10 x 1-Bedroom residential flats.
No.13 has new 20-year lease expiring 2043 with two personal guarantors, trading as Post Office.
No.15 has new 10-year lease expiring 2033 with personal guarantor. Tenant has been in occupation since 2013.
No.17 has new 10-year lease expiring 2033 with personal guarantor. Tenant has been in occupation since 2017.
Total gross internal area of 686 sq m (7,381 sq ft)
Located within 100m from Tonbridge Rail Station with nearby occupiers including Lidl and McColl`s.

Property Description:
The property comprises three ground floor retail shops with ancillary accommodation at basement and three self-contained office suites at first, second and lower ground floor.
No. 13 Quarry Hill Road
Ground Floor: Retail Shop
Basement: Ancillary
144 sq m (1,550 sq ft)
No. 15 Quarry Hill Road
Ground Floor: Retail Shop
Basement: Ancillary
93 sq m (1,000 sq ft)
No. 17 Quarry Hill Road
Ground Floor: Retail Shop
Basement: Ancillary
63 sq m (678 sq ft)
No. 1 Skinners Terrace & 15a/17a Quarry Hill Road
First/Second Floor: Offices
Basement: Storage
292 sq m (3,143 sq ft)
No. 2 Skinners Terrace First Floor: Leisure
26 sq m (280 sq ft)
No. 3 Skinners Terrace
Ground Floor: Offices 68 sq m (730 sq ft)

Development Opportunity:
Planning approved in July 2023 for conversion of existing office accommodation and single storey extension (Skinners Terrace) to form a total of 10 x 1-Bedroom Flats.
The Vendor is willing to offer an adjacent plot of land (marked in red) for a term of 12-18 months to any potential buyer, for construction materials deliveries and storage during the development project.
For more information please refer to Tonbridge & Malling Planning Portal with planning reference 22/00969/fl.

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. The property is situated on the Western side of Quarry Hill Road at the southern end of the town within 100m of Tonbridge Station. Nearby commercial occupiers Lidl, McColls and a range of local occupiers and retailers.

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