Land for sale

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Land for sale

Tunbridge Wells & Rusthall Common
£5,000,000

Our Summary

  • With over 900 surrounding properties reliant on access and service rights across the Commons, there is significant scope to formalise and monetise these arrangements
  • Recent examples include a £75,000 lease for development access and a CRoW Act-based premium of £8,400 (2% of property value) for right regularisation
  • Also available - The Upper Pantiles Car Park and Woodland (Search for the separate listing) Available individually or as a combined acquisition, the Commons and Car Park offer a rare chance to secure both long-term income and prime redevelopment potential in the heart of Royal Tunbridge Wells

Description

This unique 256-acre property, known as the Commons, is a predominantly common land area in Royal Tunbridge Wells and Rusthall, Kent, boasting a rich heritage, ecological value, and untapped income potential. Currently generating £18,000 annually from wayleaves and easements, the land is home to a diverse range of tenants, including cricket clubs, restaurants, nurseries, and fitness operators. With over 900 surrounding properties relying on access and service rights across the Commons, there is significant scope to formalize and monetize these arrangements. The land also offers over 20 Biodiversity Net Gain units, a valuable asset in the evolving planning and ESG landscape. Additionally, the property's historic status as part of the ancient Manor of Rusthall, dating back to at least 765 AD, adds to its prestige and long-term value. This rare opportunity presents a chance to secure both long-term income and prime redevelopment potential in the heart of Royal Tunbridge Wells.