Development (Land & Buildings)
|Property Type||Development (Land & Buildings)|
|Freehold Price||Offers in excess of £875,000|
|Energy Performance Rating||Upon enquiry|
The residential development opportunity is located on Pembury Road in Tonbridge, a historic market town, approximately 4 miles north of Royal Tunbridge Wells, 7 miles south of Sevenoaks and 29 miles South East of London.
The site is situated within easy walking distance of Tonbridge town centre amenities and the town’s mainline train station. Tonbridge Station provides regular commuter rail links into central London (London Bridge approx. 33 minutes, London canon Street approx. 43 minutes, London Waterloo East approx. 39 minutes and London Charing Cross approx. 46 minutes). The Pembury Road is a predominantly residential area with direct vehicular access onto the A21 (Tonbridge Bypass) that links Tonbridge with the M25 to the north and south coast to the south.
Tonbridge is a leading UK town for the provision of primary and secondary schools in both the private and state sectors. Tonbridge School, Judd and Tonbridge Grammar are highly regarded examples of local schools that consistently do well in the national league tables. There is a bus stop in close proximity to the site offering a regular service into Tonbridge and neighbouring villages and towns
The current property on site provides a two-storey former public house premises with surface car park. The property fronts directly onto Pembury Road and has a ground floor foot print of approximately 1,386 sq ft. The site is approximately 0.2 acres and available with vacant possession.
The site benefits from a detailed planning permission (TM/18/02488/FL) to demolish the existing building and redevelop to provide four town houses and two apartments with 9 private parking spaces, associated access and landscaping. The signed section 106 assumes a financial contribution to the council of £15,756; upon implementation of the planning permission.
The below table provides a summary of the consented accommodation.
|Sq ft||Sq m|
|Houses x 4||1,152||107|
Our client is interested in receiving offers in excess of £875,000 for the freehold interest in the site on an unconditional basis. The site is elected for VAT.
For more information or access to the dataroom please contact the sole agents Hurst Warne.