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Land for sale
Rusthall Road, Tunbridge Wells
£1,500,000
Rusthall Road, Tunbridge Wells
£1,500,000
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, a freehold block of 8 flats in Tunbridge Wells, Kent, presents a rare investment and development opportunity. The property currently generates an exceptional return with its existing setup, comprising 6 one-bedroom units, 1 studio flat, and 1 two-bedroom apartment. However, its true potential lies in its development possibilities, with a previous planning scheme proposing an additional 6 flats, offering the chance to expand and maximize the site's capacity. Alternatively, the option to demolish the existing building and embark on a substantial redevelopment project is also available, providing a blank canvas for creativity and innovation. With 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.