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Land for sale
Rusthall Road, Tunbridge Wells
£1,400,000
Rusthall Road, Tunbridge Wells
£1,400,000
Price History
Initial price | £1,600,000 |
08/11/24 | £1,500,000 |
30/01/25 | £1,400,000 |
Price Change | -12.50% |
Description
Rustle Road is a rare investment and development opportunity in the heart of Tunbridge Wells, Kent. The property currently comprises 8 flats, generating a lucrative return, and offers a chance to capitalize on its prime location. With a previous planning scheme proposing an additional 6 flats, the site has significant development potential, allowing savvy investors and developers to enhance its value and increase its income potential. Alternatively, the option to demolish the existing building and embark on a substantial redevelopment project is also available. The property's diverse range of accommodation includes 6 one-bedroom units, 1 studio flat, and 1 two-bedroom apartment, with a total floor area of approximately 244.92m². With its existing rental income and vast development potential, Rustle Road presents a compelling proposition for investors and developers looking to make their mark in Tunbridge Wells' thriving property market.