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Mount Pleasant House – 2-6 Lonsdale Gardens – Tunbridge Wells – Kent TN1 1HJ

INVESTMENT SUMMARY

• Mount Pleasant House is a town centre Grade A office building providing 16,778 sq ft (1558.8 sq m) of fully refurbished space along with 56 undercroft car spaces
• EPC rating of B
• Situated in the affluent town of Tunbridge Wells in north west Kent – 40 miles from central London
• Rental income from completion – £436,034 pax – Average headline office rents of £24.45/ sq ft pax
• The office areas are currently leased to 4 separate tenants – 68% of the space, with rental guarantees on the balance. Additional roof top telecom’s income
• WAULT to expiries of 2.83 yrs. – offices only – from 01.03.24
• Net initial yield of 9.63 %, after standard purchaser`s costs based on 6.51%

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