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Office re-positioning opportunity

Royal Tunbridge Wells, United KingdomUnlock address

78%

£6.500.000

Office

#13397

Core+, Value-Add

3 Feb 2024

Property Details

Broker

Deactivated

27,356 sq.ft.

2,541 m²

Leasable area

237.61 £/sq.ft.

2,558 £/m²

7.70 %

6

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Tunbridge Wells is a well-established and prosperous office market located 28 miles south of London and 30 miles north of Brighton. The town has a total catchment of over 120,000 people and a thriving office market, primarily catering for SME occupiers from the financial, professional, creative and educational sectors. Property comprises of a highly prominent, modern, Grade-A office of 27,356 sq ft arranged over ground and 6 upper floors built behind a striking façade. The building benefits from excellent fundamentals including optimally sized floor plates for the local market (at 4,000 sq ft) and from windows on all elevations, providing excellent levels of natural light. To unlock the buildings full potential and to create a market-leading, future-proofed and environmentally sustainable office proposition, the asset would benefit from refurbishment and re-positioning work. 44 car parking spaces, providing a market-leading intown car parking ratio of 1:622 sq ft - plus there is also extra car parking available within 300m.