Land

The property is a 4-acre car park in Royal Tunbridge Wells, directly beside the Pantiles colonnade and opposite the Potteries scheme. It currently has 170 marked parking spaces and generates £110,000 per year in income under a management agreement, as well as an additional £18,000 from wayleaves and easements. The site has potential for development into 104 luxury apartments, 285 parking spaces, and a estimated Gross Development Value of £60 million, with a residual site value of approximately £10 million.