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Land & Buildings, Tunnel Road, Tunbridge Wells

South East

£850,000
Listed on 10/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This commercial property in Tunbridge Wells presents a significant opportunity for renovation and investment. Previously functioning as a tile showroom since 2003, it encompasses approximately 3,489 square feet of internal space, with the main structure spanning around 3,272 square feet over two levels. The layout is predominantly open-plan, offering flexibility for various business setups or redevelopment initiatives. In addition to the main building, there is a separate detached workshop measuring about 217 square feet, featuring a steel roller shutter and a ceiling height of 4.5 meters. This setup could serve multiple purposes, whether as storage or workspace. The property includes a yard and parking area of approximately 2,128 square feet that can accommodate up to seven vehicles, enhancing its functionality for commercial use. Currently classified under planning class E, the space is suitable for diverse applications such as indoor fitness centers, day nurseries, retail shops, or office environments. Moreover, there exists potential for converting the site into residential units—either single-family homes or flats—subject to obtaining the necessary planning permissions. This property offers both ongoing commercial viability and exciting prospects for future development in a desirable location. With no existing planning history limiting its use or transformation possibilities, this space invites creative approaches from investors and developers alike.

Investment Analysis

(TN1 area)
Area Average
£468/sq ft
Avg Rent (weekly)
£311
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TN1)

Area prices are falling by +2.1% over the last 12 months
3 year growth: 6.9%
5 year growth: -1.5%
Investment Disclaimer: Analysis based on TN1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Land & Buildings, Tunnel Road, Tunbridge Wells
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE