Available
Tunbridge Wells – Vacant Retail with Planning & Ground Rent
26-28 Camden Road, Tunbridge Wells, Kent TN1 2PTFreehold Vacant Uppers with Planning for 6 Apartments & Ground Rent Investment
Price
£375,000
Rent P.A.
Vacant
Tenure
Freehold
Area
1,615 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises vacant first floor (E) with planning for 6 residential apartments (C3)
- The property benefits from access from both Camden Road and Calverley Street
- Planning approved for conversion of first floor and creation of a second floor through alterations to roof with dormer windows, to create 5 x 1-Bed and 1 x 2-Bed apartments
- Includes double fronted shop at ground floor, which has been sold-off
- VAT applicable. HMRC’s VAT1614D form can be used for disapply of the previous "option to tax" (waived VAT exemption) for the residential conversion. Independent tax advice recommended
- Tunbridge Wells Railway Station is located approx. 0.4 miles from the property
- Situated opposite Royal Victoria Place Shopping Centre, benefiting from Tunbridge Wells Borough Council's proposed £68m regeneration programme including boutique cinema, new leisure facilities enhanced retail accommodation and wider improvements to the centre.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises vacant self-contained first floor accommodation (Class E) with planning for residential conversion and double fronted ground floor shop, which has been sold-off, providing the following accommodation and dimensions:
First Floor: 150 sq m (1,615 sq ft)
Open plan ancillary, wc, kitchen
Ground Floor Shop: Sold-off
Development Opportunity:
Two plannings approved for conversion of first floor and creation of a second floor through alterations to roof with dormer windows, to create a total of 6 residential apartments (5 x 1-Bed & 1 x 2-Bed), providing the following accommodation and dimensions:
Approved First Floor:
Apartment 1: 37 sq m (398 sq ft)
1 bedroom, kitchen/living room, bathroom
Apartment 2: 37 sq m (398 sq ft)
1 bedroom, kitchen/living room, bathroom
Apartment 3: 64 sq m (689 sq ft)
2 bedrooms, kitchen/living room, bathroom
Approved Second Floor:
Apartment 4: 37 sq m (398 sq ft)
1 bedroom, kitchen/living room, bathroom
Apartment 5: 50 sq m (538 sq ft)
1 bedroom, kitchen/living room, bathroom
Apartment 6: 37 sq m (398 sq ft)
1 bedroom, kitchen/living room, bathroom
Total Residential GIA: 262 sq m (2,819 sq ft)
Excluding communal circulation, stairs and structural elements
For more information, please refer to Tunbridge Wells Planning Portal:
https://twbcpa.midkent.gov.uk/online-applications/
Planning ref: 25/00275/PNEC
Planning ref: 25/00892/FULL
First Floor: 150 sq m (1,615 sq ft)
Open plan ancillary, wc, kitchen
Ground Floor Shop: Sold-off
Development Opportunity:
Two plannings approved for conversion of first floor and creation of a second floor through alterations to roof with dormer windows, to create a total of 6 residential apartments (5 x 1-Bed & 1 x 2-Bed), providing the following accommodation and dimensions:
Approved First Floor:
Apartment 1: 37 sq m (398 sq ft)
1 bedroom, kitchen/living room, bathroom
Apartment 2: 37 sq m (398 sq ft)
1 bedroom, kitchen/living room, bathroom
Apartment 3: 64 sq m (689 sq ft)
2 bedrooms, kitchen/living room, bathroom
Approved Second Floor:
Apartment 4: 37 sq m (398 sq ft)
1 bedroom, kitchen/living room, bathroom
Apartment 5: 50 sq m (538 sq ft)
1 bedroom, kitchen/living room, bathroom
Apartment 6: 37 sq m (398 sq ft)
1 bedroom, kitchen/living room, bathroom
Total Residential GIA: 262 sq m (2,819 sq ft)
Excluding communal circulation, stairs and structural elements
For more information, please refer to Tunbridge Wells Planning Portal:
https://twbcpa.midkent.gov.uk/online-applications/
Planning ref: 25/00275/PNEC
Planning ref: 25/00892/FULL
Tenancy Description
The first floor is at present vacant.
The ground floor shop has been sold-off on long leasehold for a term of 999 Years from 3rd August 2026 at a ground rent of peppercorn.
The ground floor shop has been sold-off on long leasehold for a term of 999 Years from 3rd August 2026 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Royal Tunbridge Wells, previously just Tunbridge Wells, is a town in western Kent, England, 30 miles south-east of central London. Tunbridge Wells is at the hub of a series of roads, the primary ones being A26, A264 and A267. The A21 passes to the east of the town. The property is located on a prominent retail street amongst many independent traders including Royal Victoria Palace, Sports Direct, WH Smith, Next, O2, Tops Pizza and many more.
