commercial property - Other for sale in TN11 0QB, for £25,000,000 by BTF Partnership - Proptyle

commercial property - Other for sale in TN11 0QB, for £25,000,000 by BTF Partnership

Kingstanding Business Park, Tunbridge Wells, Kent, £25,000,000

Kingstanding is located to the north east of Royal Tunbridge Wells with the town centre approximately 2.5 miles to the south west. Located towards the UK’s south eastern coast, the market benefits from proximity to the capital (c. 36 miles) and major landing points for international trade. Dover, the busiest commercial port in the UK, lies approximately 62 miles to the east, whilst Medway Port is about 40 miles to the north east. Junction 5 of the M25 lies about 12 miles to the north, accessible via the A21 which has recently undergone a £70 million upgrade to improve connectivity. Under planning reference 19/02267/OUT, Tunbridge Wells Borough Council granted outline planning permission on 12 March 2021 for the following: Outline (Access not reserved) - Development of up to 74,000sqm GEA of floorspace within Use Classes B1 (Business) and B8 (Storage and Distribution), including creation of a new vehicular and pedestrian site access, cycle way, landscaping, ancillary café (A3) and associated works. Condition 4 of the Planning permission provides that the 74,000 sq m shall include:- •No more than 47,700sqm of B1 floorspace. •No more than 200sqm of A3 floorspace. •No more than 37,000sqm of B8 floorspace. Applicants are strongly advised to review the material on Tunbridge Wells Borough Council’s planning portal in full and satisfy themselves as to the planning position. Please see the Property Particulars for further information on phasing, retained offset land, retained access corridor for future development, tenure, VAT and Legal Costs.