- GARAGES TO THE REAR +
- INVESTMENT OPPPORTUNITY +
- THERE IS CURRENTLY RENTAL INCOME +
- DETACHED PERIOD HOUSE +
- CLOSE TO TOWN CENTRE +
- POSSIBLE DEVLOMENT STP +
- FLAT A, 644 Sq Ft +
- FLAT B, 1038 Sq Ft +
- FLAT C & D 712 Sq fT Total +
GUIDE PRICE £750,000 to £800,000 FREEHOLD
PROPERTY DESCRIPTION This exceptional investment opportunity on Upper Grosvenor Road, TN1 2DU, comprises a substantial 2,399 sq. ft. period building converted into four flats over three floors. To the rear, the property benefits from multiple garages and off-street parking, which could generate additional rental income.
Subject to planning permission, there may be potential for further development in the garage area or an additional flat by adding a Mansard-style roof extension, further enhancing the property's investment appeal
FLAT DETAILS The ground floor flat (Flat A) was occupied until mid-2024 and now requires refurbishment, presenting an opportunity for value enhancement.
Flat B is currently tenanted and in reasonable condition.
Flats C and D are two studio-style flats, though now occupied by just one tenant. The existing rental income provides an attractive return, with scope to increase yields through refurbishment or redevelopment.
LOCATION Located at the town centre end of Upper Grosvenor Road, this property is ideally positioned for both commuters and local residents. Tunbridge Wells High Street and Royal Victoria Place shopping centre are within easy reach, offering a range of retail, dining, and leisure options. This well-located investment property presents a prime opportunity for investors seeking strong rental income and potential for future development.