High Brooms, TN2 Ref: 32186

The properties that we sell are often a little unorthodox, and equally we're regularly challenged to structure deals that are far from straightforward.

This 1.56 acre site just north of Tunbridge Wells comprises four separate buildings and a vast amount of hardstanding. Multi-let on short term agreements the property offered a variety of angles including intensification of built floorspace, re-letting or re-negotiation of existing leases and medium term commercial, residential or mixed-use development potential.

Our clients held an option to purchase the property, but were willing to step aside for the right premium. With that in mind we set about generating interest, and structured a deal with a private equity-backed investor to not only take over the contractual position, but also simultaneously complete the purchase. That arrangement not only appeased our clients, but also the top seller, and the matter completed in the autumn of 2022.

PROPERTY ADDRESS: Land at North Farm Road, High Brooms, Kent TN2 3DR

Tom Luck

Steven Flannighan

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