For Sale by Auction on 26th March 2025
A prominent three storey corner building consisting of a former banking hall on the ground floor, offices and residential. part of the first floor and the remaining of the upper floors have been sold off in their entirety on a long leasehold basis (refer to the legal pack). The ground floor, basement and part first floor is vacant and totals about 219 sq m (2,338 sq ft). The premises are currently for User Class E use and have 5 car parking spaces included.
Location
Paddock Wood is a town in Tunbridge Wells in Kent, about 8 miles southwest of Maidstone. Paddock Wood is on the B2160 and B2161 roads and not too far from the A228, A264, A21 and A26 roads. It is served by Paddock Wood railway station which is located very close to the property (South Eastern Main Line - Charing Cross). Today, Paddock Wood continues to be a hub for the country’s hop growing industry and so for fruit and vegetable distribution. The town supplies large national supermarkets, small real ale and cider makers as well businesses across Europe.
The property is located in the town centre on the junction of Station Approach with Church Road in the town centre.
Accommodation
Basement - 5.30 sq m (57 sq ft)
Ground Floor - 165.15 sq m (1,763 sq ft)
First Floor - 48.14 sq m (518 sq ft)
Total - 218.59 sq m (2,338 sq ft)
Terms
Tenure - Freehold
Guide Price - £240,000
Specification
- This sale is conditional and is subject to confirmation by the seller, who will accept or decline the highest bid no longer than five working days from the bidding closing time
- By order of National Westminster Group
- Freehold former bank premises totalling approximately 219 sq m (2,338 sq ft)
- Located in the town centre and near mainline train station
- Of interest to developers/owner occupiers and investors
- Vacant possession