Firefly Homes Kent Limited
93 Commercial Road
93 Commercial Road
Paddock Wood
Tonbridge
Kent
TN12 6DS
01892 838363
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INVESTMENT OPPORTUNITY - An exceptional opportunity to acquire a block of flats and a development plot for for three town houses. Comprising 7 one bedroom apartments. The eighth flat offers an opportunity to be purchase via another agent. Full planning has been granted for three, 3 bedroom town house dwellings. Located a short distance from the town centre and mainline station. Currently six of the one bedroom flats have shorthold tenancies, one flat is vacant possession. Allocated parking spaces. The building offers gas central heating and double glazing. The building consists of 8 flats in total (Flat 5 is privately owned and for sale) Lease 999 years as at 1st January, 2016. A Management company is set up to provide maintenance of the building.
Individual EPC's for each apartment are 'C' rating
I am pleased to present an exceptional opportunity to acquire the Freehold of a residential block of flats along with an adjacent development plot. Key details of the property and opportunity include: - Freehold Block of Flats: Comprising seven one-bedroom flats. Currently, six flats are occupied under Assured Shorthold Tenancies, and one flat (Flat 7) is offered with vacant possession. 999-year lease as of 2016. Ground rent to be confirmed. - Flat 5 (Ground Floor): Available to purchase by separate negotiation via another agent. Amenities & Management: The property benefits from gas central heating to each flat and double glazing throughout. A management company is currently in place to oversee building maintenance and provide annual accounts. Viewing is strongly advised. Please let me know if you would like to arrange an inspection or require further documentation.
- Flat 5 (Ground Floor): Available to purchase by separate negotiation via another agent.
Planning permission has been granted for 3, three bedroom, terraced dwellings to the rear of the car park - planning reference:-23/02087/FULL - Tunbridge Wells planning. Beech Court TN12 6EX Please refer to the planning portal for constraints. Annual service charge £1,200.00 per flat. EICR electrical reports were carried out for each of the rental flats in 2021 and 2026. Gas boilers have an annual service agreement and gas safe certificates. Seven 1 bedroom apartments- Ground floor and first floor. Six Shorthold tenancies in place - 2 flats offer, Vacant Possession (to include the additional flat 5 to be purchased separately). Build plot - 3 terraced dwellings Car parking for each dwelling, communal area for a washing line and bin storage. EPC 'C' Council tax 'B' Revenue from the flats will be shared at the point of an interested buyer . Lease 999 years as at 1st January 2016 Gas central heating is offered in all of the flats. Planning link Planning portal link Beech Court https://twbcpa.midkent.gov.uk/online-applications/applicationDetails.do?keyVal=RYRPH1TYHRK00&activeTab=summary
999 years as at 1st January 2016 - 989 year remaining as at 2026 Annual Service Charge £1,200.00 per flat This will include the Freehold of all 8 flats. Flat 5 to be purchased separately Ground rent - to be confirmed Ground Rent review period - to be confirmed Section 8 to be served to tenants to gain vacant possession.
Please note that the property details provided are based on information supplied by the vendor and initial checks. Firefly Homes are not qualified experts regarding structural matters, flood risk, building safety, restrictive covenants and planning permission We strongly recommend that prospective buyers and their legal representatives independently verify all conditional material information and title restrictions through searches and appropriate professional surveys before proceeding.
Development Opportunity: Full planning permission has been granted for the construction of a terrace of three, 3-bedroom town houses to the rear of the site. The planning permission expires 28th/1st March 2027
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