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£485,000 OIRO

Monson Road, Tunbridge Wells TN1

£485,000 OIRO

4 Bedroom Barn Conversion For Sale

Monson Road, Tunbridge Wells TN1


Key features

  • INVESTMENT PROPERTY
  • 2 APARTMENTS
  • ONE BEDBROOM FLAT
  • THREE BEDROOM FLAT
  • TOWN CENTRE LOCATION
  • TOTAL INCOME £22750.00
  • NEW LEASES TO BE CREATED
  • AST TENANCIES
  • POSSIBLE SALE OF THE ENTIRE FREEHOLD
  • 360 VIRTUAL TOUR AVAILABLE

A rare opportunity to acquire 2 apartments in the town centre set on Monson Colonnade in the Town centre, the combined income for both properties is £22,740 pa, the top floor flat is set over 2 floors and provides 3 bedrooms and the ground floor apartment is a spacious one bedroom flat.

These flats are currently let on AST's and produce £1875 pcm, the Vendor is selling with the creation of new leases of 225 years with peppercorn GR.

The Vendor would consider selling the whole building including the ground floor shop with Freehold for the right offer the lease on the ground floor has 8 years left and the current rent is £2000 this would give a total annual rent of £45,000 pa  

ONE BEDROOM FLAT Is let on an AST and produces £8400.00pa, the flat has been maintained to a high standard, the current has occupied the property for several years and is happy to renew the contract moving forward, the accommodation is a large sitting room to the front, a generous double bedroom and kitchen to the rear, also there is a full fitted bathroom.  

THREE BEDROOM FLAT This flat has been maintained to a good standard and recently decorated by the owners, the current flat is let on an AST and produces £14340.00, there are 3 double bedrooms, spacious sitting room to the front, kitchen/dining room, and bathroom to the rear, this flat is split over three floors.  

Calculate your Stamp Duty

Until March 31 2021 most buyers will be exempt from paying stamp duty on the first £500,000 of the purchase price. Calculate how much Stamp Duty you would have to pay on this property by using the calculator below.

Please note: This calculator is provided as a guide only on how much stamp duty land tax you will need to pay in England and Northern Ireland. It assumes that the property is freehold and for residential purposes.

Book a viewing

Contact Martin & Co Tunbridge Wells

  • 11 Vale Road
  • Tunbridge Wells
  • TN1 1BS

Call 01892 543856

tunbridgewells@martinco.com

Contact us now