138 - 148 High Street, Sevenoaks | Property for sale | Savills
Offers over £1,500,000

138 - 148 High StreetSevenoaks

  • Sole agency
  • Freehold
Development land

Key features

  • Prime mixed-use development or investment opportunity
  • Central town centre location
  • Unconditional offers sought for the freehold interest
  • Sale by informal tender

Freehold Development / Investment Opportunity

About this property

  • The Property comprises a town centre mixed use terraced block owned under two freehold titles, with an additional long leasehold title also owned within the freehold property. It should be noted that various parts of the freehold interest have been sold off on long leasehold titles. The retained parts of the property are arranged to provide two ground floor retail units, one being let and operated as a café, the second comprising former solicitors’ offices with additional accommodation over the first and second floors. There are also two three bedroom maisonettes known as 140a and 142a which are dated internally and require modernisation/refurbishment.

Local information

  • Sevenoaks provides a good range of local amenities with the High Street benefitting from a multitude of shops, supermarkets, pubs and restaurants. A wider range of retailers are available at Maidstone, Royal Tunbridge Wells and Bluewater shopping centre. There are a number of well-regarded schools within Sevenoaks offering both primary and secondary education. Sevenoaks is a predominantly residential area focussed around the main High Street, although is also popular among commercial occupiers given its good connectivity by both road and rail. The Property is situated along the eastern side of the High Street, just south of its junction with Suffolk Way and Pembroke Road. The neighbouring and nearby properties generally comprise ground floor retail units with ancillary offices or self-contained flats above. To the rear of the Property is a new build development which completed in 2019 and comprises 4 x mews houses with undercroft parking beneath.

Additional information

  • The property offers excellent asset management opportunities with planning permissions previously granted to allow conversion of the upper floors into 6 x self-contained 1 bedroom flats (1 x consent expired and 1 x consent expiring in June 2023). In addition, the property could lend itself to refurbishment / partial development in order to achieve a strong rental return, either as offices, residential, or a mix of both, subject to obtaining the necessary statutory consents.