Jordan Keating
jordank@jacksoncriss.co.uk
020 7637 7100
Prime Rebased Retail Investment In An Affluent South East Commuter Town
Royal Tunbridge Wells is an attractive spa town, situated in west Kent, approximately 50km (31 miles) south east of London.
Opening of c.50,000 sq ft Primark anchor store in late 2025 will have a positive impact on the location.
Affluent catchment ranking 12 on the PMA affluence indicator.
Located in a 100% prime trading location on the pedestrianised Calverley Road.
Majority freehold title.
Let to the undoubted covenant of URBN UK Limited trading as Urban Outfitters.
WAULT of 7.5 years to expiry.
Current rebased passing rent of £182,000 per annum rising to £193,000 per annum in August 2025 via a stepped rent.
Potential residential development opportunity on the upper floors and airspace above, subject to planning and vacant possession.
We are instructed to seek offers in excess of £2,200,000 (Two Million Two Hundred Thousand Pounds) subject to contract and exclusive of Vat, which reflects a net initial yield of 7.78% rising to 8.25% in August 2025, after allowing for the deduction of standard purchasers costs..
The sale price reflects a capital value of £150 per sq ft.
Yield:
7.78 %
Price:
£2,200,000
Contact:
PHILIP HAY BSc (Hons) MRICS
phay@jacksoncriss.co.uk
07770 580 590
RHODRI JONES BSc (Hons) MSc
rjones@jacksoncriss.co.uk
07570 684 444