Available
Tonbridge – 6 Flats & Ground Rent
13,15,17 Quarry Hill Road, Tonbridge, Kent TN9 2RNFreehold Residential Block & Retail Ground Rent Investment
Price
£1,100,000
Rent P.A.
£80,880
Yield
7.35%
Tenure
Freehold
Area
2,262 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Rental Income: £79,200 p.a.
- Residential tenants pay additional £1,680 p.a. combined (£280 each) for internet service charge
- Total Income: £80,880 p.a.
- Gross Initial Yield: 7.35%
- Comprises 6 x 1-Bedroom Apartments at first and second floor, newly converted in 2025/2026
- Includes 3 residential shops at ground floor (sold-off)
- Located within 100m of Tonbridge Rail Station, providing direct and regular services to London Charing Cross, London Bridge and Cannon Street, together with wider South-East rail connections.
- Occupiers nearby include Lidl, Post Office, Café, Takeaway`s, Beauty Salon, Dry Cleaners and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises 6 x x1-bedroom flats at first and second floor, accessed from Quarry Hill Road and newly converted in 2025/2026 to a high standard. The property includes 3 retail shops at ground floor, all of which have been sold off on long leaseholds, providing the following accommodation and dimensions:
First Floor:
Flat 1 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Flat 2 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Flat 3 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Second Floor:
Flat 4 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Flat 5 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Flat 6 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Ground Floor: 3 retail shops (sold-off)
Total Residential GIA: 210 sq m (2,262 sq ft)
First Floor:
Flat 1 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Flat 2 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Flat 3 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Second Floor:
Flat 4 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Flat 5 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Flat 6 - 35 sq m (377 sq ft)
1 bedroom, kitchen/living, bathroom
Ground Floor: 3 retail shops (sold-off)
Total Residential GIA: 210 sq m (2,262 sq ft)
Tenancy Description
Flat 1 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Flat 2 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Flat 3 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Flat 4 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Flat 5 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Flat 6 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Shops No.13,15,17 have been sold on long leaseholds for a term of 999 years from 2026 at a ground rent of peppercorn.
Flat 2 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Flat 3 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Flat 4 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Flat 5 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Flat 6 is at present let to Individual on a Periodic Tenancy at a current rent of £13,200 p.a. Tenant pays additional £280 p.a. for internet service charge. Rent deposit held of £1,265.
Shops No.13,15,17 have been sold on long leaseholds for a term of 999 years from 2026 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Tonbridge is a thriving market town with a resident population of approximately 40,000. The town offers an excellent range of retail and leisure facilities with many High Street stores, banks and building societies, together with a selection of coffee shops, restaurants and local pubs. It boasts a fine example of a 'Motte and Bailey' castle built in the 13th century, set on the banks of the river Medway. The property is situated on the Western side of Quarry Hill Road at the southern end of the town within 100m of Tonbridge Station. Nearby commercial occupiers Lidl, McColls and a range of local occupiers and retailers.
