Upper Pantiles Car Park and Woodland
- Land size
- 4 acres
Key Features
- 170-space car park adjacent to The Pantiles
- £128,000+ annual income (post-profit share + wayleaves)
- Prime redevelopment potential (subject to deregistration & planning)
- Projected GDV of c.£60 million for 104-unit scheme
Description
A rare opportunity to acquire a high-performing income asset with transformational development potential in the cultural heart of Royal Tunbridge Wells.
Positioned directly beside the iconic Pantiles colonnade and opposite Dandara's landmark Potteries scheme, this 4-acre car park currently generates £110,000 per annum (post-profit share) under a management agreement with RCP, plus an additional £18,000 from wayleaves and easements. With 170 marked spaces and consistent demand, it offers immediate income security.
But the true value lies in its future. Initial design studies suggest capacity for around 104 luxury apartments and 285 parking spaces, with a projected GDV of approximately £60 million and a residual site value of c.£10 million. A strategic land exchange with a comparable 2-acre parcel at Still Green, Rusthall Common (held freehold but not designated as Common Land), offers a unique route to deregister the site and unlock planning potential.
With precedent set by nearby premium developments achieving £600 psf and penthouses nearing £1 million, this is a once-in-a-generation chance to reimagine a central Tunbridge Wells site into a flagship residential address.
Also available - The Tunbridge Wells and Rusthall Commons (Search for the separate listing)
Available individually or as a combined acquisition, the Commons and Car Park offer a rare chance to secure both long-term income and prime redevelopment potential in the heart of Royal Tunbridge Wells.
Property details
- Tenure
- Freehold
- Council Tax Band
- Ask Agent
- Date Posted
- 2026-01-29
Utilities & Restrictions
Utilities
- Electricity
- Ask Agent
- Water
- Ask Agent
- Heating
- Ask Agent
- Broadband
- Ask Agent
- Sewerage
- Ask Agent
Rights & Restrictions
- Public Rights of Way
- Ask Agent
- Private Rights of Way
- Ask Agent
- Listed Property
- Ask Agent
- Restrictions
- Ask Agent
Property Features
- Accessibility
- Ask Agent
- Parking
- Parking Available
- Garden
- Ask Agent
Important notice: Information, maps and tags on this page are supplied by the advertising agent or generated automatically. LandSale has not verified them. Relying on these details is at your own risk, always carry out independent checks before committing to a purchase.
LandSale full disclaimer
Marketing information only - not formal particulars. The details on this website are provided for general guidance and do not constitute an offer or contract. Neither LandSale nor the advertising estate/land agent accepts responsibility for any inaccuracy.
1. Source of information
- Agent-supplied content: Core description, asking price, tenure, measurements, photographs and planning history are uploaded by the appointed agent, who remains solely responsible for their accuracy.
- Automated tags & categorisation: Property type, land-use class, acreage bands and similar labels may be applied by machine-learning models. They are intended as a helpful guide only and may not reflect the property's legal status or permitted use.
- Third-party & enriched data layers: Maps, boundary outlines, planning designations, soil reports, broadband coverage and other environmental or location-based insights are licensed from external suppliers. Such data are supplied “as is", may be incomplete or out of date and are subject to change without notice.
2. Verification required
Prospective purchasers must verify critical matters, including but not limited to planning permission, title boundaries, public rights of way, environmental constraints, acreage, services, access and VAT status, through their own inspections, specialist surveys, legal advisers and the selling agent before relying on the information or entering into any contract.
3. No warranty or liability
LandSale gives no warranty, express or implied, as to the accuracy, completeness or fitness for any particular purpose of the information displayed. LandSale shall not be liable for any loss, damage, cost or expense arising directly or indirectly from any use of or reliance on such information, save where liability may not be excluded by law.
4. Updates & feedback
If you believe any detail on this listing is inaccurate, please let us know. We will investigate and, where appropriate, update the listing or notify the agent.
© LandSale | Version 1.2 - January 2026
Listing agent
Targetfollow Estates Limited, Norwich
11-12 Riverside Road, Norwich, NR1 1SQ
Enquire about this property
Contact Targetfollow Estates Limited, Norwich
11-12 Riverside Road, Norwich, NR1 1SQ
View agent profile