Summary - 158, HIGH STREET TN9 1BB
1 bed 1 bath Retail Property (high street)
Multi-let freehold with conversion upside in affluent commuter town.
Produces £32,500 per annum income from four commercial tenants
Freehold, approx. 3,050 sq ft over three storeys plus basement
Multi-let: estate agent, law firm, accountants, healthcare consultant
Development potential subject to planning and vacant possession (STP & VP)
No gas supply; heating via electric storage heaters only
Solid brick construction; likely limited wall insulation, refurbishment needed
Garage/storage at 2A Bank Street included and let to legal firm
Town-centre location 0.4 miles from Tonbridge station; strong commuter links
A substantial mid-terrace freehold investment in Tonbridge, currently producing £32,500 pa from four commercial tenants. The property extends to about 3,050 sq ft across a three-storey building with basement plus an adjoining two-storey unit with garage — offering immediate rental income and short-term holding security.
The building retains period brick character and large rooms, and the ground floor is fitted as a retail/estate agency. Upper floors are cellular office accommodation which could be modernised or potentially converted to residential/alternative uses, subject to planning and vacant possession. There is no gas supply and heating is by electric storage heaters; walls are solid brick with assumed lack of insulation.
Location is a key strength: northern end of Tonbridge High Street, c.0.4 miles from the mainline station with fast commuter links to London, and set within an affluent town centre with strong schools and retail amenities. The site benefits from a garage/store let to a law firm and pedestrian access via Jeffreys Passage.
Buyers should note material factors plainly: the area records a very high crime statistic; the building will need refurbishment to optimise rents or conversion potential; services exclude gas and there are electric storage heaters. Development upside exists but is subject to planning permissions and achieving vacant possession where required.
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