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Former John Lewis Kingstanding Way 44,983 SF 100% Leased Retail Building Tunbridge Wells TN2 3UP $15,988,701 ($355.44/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Great transprt links
- Newly refurbished
- Royal Tunbridge Wells is an affluent and well located town in the south east
- Extensive PV Solar panels
EXECUTIVE SUMMARY
A prime car showroom investment. The tenant has recently invested £6m in a refurbishment and the property is now very well specified with an EPC rating of A.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
44,983 SF
Year Built/Renovated
2000/2024
Price
$15,988,701
Price Per SF
$355.44
Cap Rate
6.25%
NOI
$999,294
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
5.89 AC
Parking
138 Spaces (3.07 Spaces per 1,000 SF Leased)
Frontage
98’ on Kingstanding Way
AMENITIES
- Storage Space
- Air Conditioning
- Smoke Detector
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Former John Lewis | Kingstanding Way
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