Summary - 82A, VICTORIA ROAD TN1 2PW
3 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property with both retail and residential accommodations
- Ground floor retail shop (No. 82) with basement
- First-floor Japanese restaurant (No. 82A) with a 2-bedroom flat
- Long-term lease on the residential unit until April 2036 with rent reviews every three years
- Located in a bustling retail area with high foot traffic
- Convenient access to Royal Victoria Palace Mall and numerous local shops and restaurants
- Gross initial yield of 5.60% with a total rental income of £36,380 p.a.
- Freehold tenure, VAT not applicable
**Property Summary:**
Discover an exceptional investment opportunity at 82/82A Victoria Road, Tunbridge Wells. This mixed-use property features a prominent ground floor retail space, currently housing a gift shop, alongside a thriving Japanese sushi restaurant and a self-contained 2-bedroom flat above. Boasting a desirable location within a bustling area, this property benefits from significant foot traffic and proximity to major retailers like Boots and JD Sports.
With a gross initial yield of 5.60%, the commercial unit has a current tenant committed for a term that can potentially grow in rental value, while the residential lease extends until April 2036 with fixed rent reviews. Although the property may present challenges with lenders due to a relatively short lease on the retail space, its potential for rental income and growth is substantial.
Ideal for both investors and those looking to enter the vibrant commercial landscape of Royal Tunbridge Wells, this property combines comfort with lucrative rental possibilities. Don't miss out on this rare chance to secure a strategic asset in a sought-after urban setting – contact today to explore its full potential!
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