A well presented and extended, attached, character house providing four…
Alexander House, 70 St. James Road, Tunbridge Wells, Kent, TN1 2HN
VIEWING: Strictly by appointment with the Agents’ Paddock Wood office on 01892 832325.
DIRECTIONS: The postcode to the property is TN1 2HN. From the centre of Tunbridge Wells, outside the Tunbridge Wells Borough Council offices, proceed east on the A264. At the roundabout take the second exit and continue onto Lansdowne Road. Take the second left hand turning onto St James Road. Proceed along this road for approximately 0.5 miles and the property will be found on the right-hand side adjacent to the junction with Albion Road.
SITUATION: Alexander House is located in a convenient residential position on St James Road on the northern side of Tunbridge Wells. A local parade of shops is situated approximately 0.25 miles distant, whilst the town centre and mainline station lies approximately 0.9 miles to the south. The station benefits from mainline connections to London Charing Cross and London Victoria, with journey times from 40 minutes. In addition, High Brooms station can be accessed on foot via Hilbert Park and is approximately 20 minutes away.
LOCAL AUTHORITY: Tunbridge Wells Borough Council whose offices are located at Town Hall, Mount Pleasant Road, Royal Tunbridge Wells, Kent, TN1 1RS
Telephone. 01892 526121, email:firstname.lastname@example.org.
DESCRIPTION: Alexander House is a converted period building which comprises nine flats situated on St James Road, in a popular residential area of Tunbridge Wells. The property affords seven two bedroom flats, and two one bedroom flats all let on Assured Shorthold Tenancy Agreements, and currently generating a gross annual rental income of £86,280.00.
The residential accommodation extends to approximately 536 square metres (6,060 square feet) with units ranging widely in size from 30 to 117 square metres (322 to 1259 square feet). Externally there are two off-road parking spaces, bin storage, and a small courtyard garden to the rear. A currently unused and unconverted basement level runs under one half of the property.
External redecoration is subject to a rolling programme with the front of the property repainted during the summer of 2020. Internally two units and the common parts have been redecorated. The property now offers investors a rare freehold investment opportunity with potential for future rental uplift if accommodation were further upgraded or potentially reconfigured.
A summary of the individual units is contained in the table overleaf.
SERVICES: The individual units benefit from gas fired central heating (with the exception of Flat 9, which has electric heating), mains electricity, drainage and water connections
PLANNING: Planning history for the property can be obtained from the local authority. It is understood that the vendors converted the property to residential use gradually between 1997 and 2013, with the main planning consent for conversion in 2001, prior to which it was in retail use as a department store. It is understood that the vendors have made no recent planning applications or alterations to the property.
INFORMATION PACK: A detailed information pack with management information of individual flats, tenancy details, statutory compliance information and floor plans is available from the selling agents by request.
PARTICULARS, PLANS AND SCHEDULES
The particulars and acreages stated therein, together with the plans are believed but not guaranteed to be correct. They are given by the Agents to assist viewers but are specifically excluded from any contract and prospective purchasers must satisfy themselves as to the information contained therein.
MONEY LAUNDERING REGULATIONS
In accordance with Money Laundering Regulations, we are now required to obtain proof of identification for all vendors and purchasers. You will need to supply information required for us to complete our identification checks which will include your date of birth, main residential address and a colour copy of your passport or photo driving licence. Lambert & Foster apologise for any inconvenience this may cause, but it is a legal requirement. Unfortunately, Lambert & Foster will not be able to conclude a sale on your behalf to any person or people who are unable to provide confirmation of identification. Note: Lambert & Foster currently employs the services of Smartsearch to verify the identity and address of vendors/ purchasers.
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