Investment Consideration:
OIEO: £1,500,000
Vacant possession
VAT is applicable to this property
Comprises plot of land c. 0.28 acres
Planning approved in July 2024 for development of residential block of 7 apartments (6 x 2-Bed and 1 x 3-Bed)
The proposed scheme would provide 8 car parking spaces with 7 electric vehicle charging points and 15 cycle spaces
Total Residential GIA 630.6 sq m (6,787 sq ft)
Total Building GIA 728.2 sq m (7,838 sq ft)
Situated within 13 min walk from Tunbridge Wells Train Station and High Street, with occupiers nearby including Hotel, Restaurant, Pharmacy and more.

Property Description:
Comprises vacant plot of land (0.28 acres), a former private car park, no longer in use.

Development Opportunity:
Planning approved in July 2024 for erection of a residential block of 7 Apartments (6 x 2-bed and 1 x 3-bed) with associated outdoor areas, 8 car parking spaces with 7 electric vehicle charging points (one for each apartment) and 15 cycle spaces.

For more information, please refer planning 24/01436/FULL on Tunbridge Wells portal:

Location:
Mount Ephraim is a popular area of Tunbridge Wells, around 0.6 miles from the town centre and mainline station. The property benefits from its close proximity to the Common, only a short distant to the historic Pantiles. Royal Tunbridge Wells has a wide range of pretty architecture and a variety of cultural, entertainment and shopping facilities, numerous cafés and restaurants and a mixture of chain and independent shops. The property is situated within 13 min walk from Tunbridge Wells Train Station and High Street, with occupiers nearby including Hotel, Restaurant, Pharmacy, Medical Practice and more.