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Land for sale
Rusthall Road, Tunbridge Wells
£1,500,000
Rusthall Road, Tunbridge Wells
£1,500,000
Price History
Initial price | £1,600,000 |
08/11/24 | £1,500,000 |
Price Change | -6.25% |
Description
Rustle Road, a freehold block of 8 flats in Tunbridge Wells, Kent, presents a rare investment and development opportunity. The property currently generates an exceptional return with its existing setup, comprising 6 one-bedroom units, 1 studio flat, and 1 two-bedroom apartment. However, its true potential lies in its development possibilities, with a previous planning scheme proposing an additional 6 flats, offering the chance to expand and maximize the site's capacity. Alternatively, the option to demolish the existing building and embark on a substantial redevelopment project is also available, providing a blank canvas for creativity and innovation. With its prime location, existing rental income, and significant development potential, Rustle Road is a compelling proposition for investors and developers looking to make their mark in Tunbridge Wells' thriving property market.