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Land for sale
Rusthall Road, Tunbridge Wells
£1,400,000
Rusthall Road, Tunbridge Wells
£1,400,000
Our Summary
- Purchase Type: UnconditionalTenure: FreeholdType: Freehold Block of 8 Flats** Calling Investors, Developers & Builders ** Introducing Rustle Road: an exceptional investment and development opportunity nestled in the heart of Tunbridge Wells, Kent
- This property presents a rare chance to capitalize on its prime location and unlock its full potential for lucrative returns
- However, the true allure of Rustle Road lies in its potential for further development
- A previous planning scheme (Application Reference: 07/03328/FULMJ) proposed an additional 6 flats, indicating the possibility to expand and maximize the site's capacity
- This presents an exciting opportunity for savvy investors and developers to enhance the property's value and increase its income potential
- Moreover, for those with a bold vision, the option to demolish the existing building and embark on a substantial redevelopment project is also on the table
- Whether for residential purposes or more specialized ventures, Rustle Road offers a blank canvas for creativity and innovation
- 69m²With its prime location, existing rental income, and significant development potential, Rustle Road is a compelling proposition for investors and developers looking to make their mark in Tunbridge Wells' thriving property market
Description
Rustle Road is a rare investment and development opportunity in the heart of Tunbridge Wells, Kent. The property currently comprises 8 flats, generating a lucrative return, and offers a chance to capitalize on its prime location. With a previous planning scheme proposing an additional 6 flats, the site has significant development potential, allowing savvy investors and developers to enhance its value and increase its income potential. Alternatively, the option to demolish the existing building and embark on a substantial redevelopment project is also available. The property's diverse range of accommodation includes 6 one-bedroom units, 1 studio flat, and 1 two-bedroom apartment, with a total floor area of approximately 244.92m². With its existing rental income and vast development potential, Rustle Road presents a compelling proposition for investors and developers looking to make their mark in Tunbridge Wells' thriving property market.