Cherry Tree House, Prospect Row, Chatham, Kent, ME4 5QY

Description

For Sale - Potential Redevelopment Plot (STP)

The site comprises a self-contained residential redevelopment opportunity extending to approximately 0.7 acres, situated on Prospect Row, Chatham, within an established residential area.

The site is occupied by three detached, two-storey residential buildings of traditional brick construction beneath flat roofs, together with associated circulation areas. The buildings are current vacant and are inaccessible, offering potential for refurbishment, redevelopment, subject to obtaining the necessary planning consents.

The properties have not been measured. Measurements have been taken on a GIA basis from Promap as follows:

Block 51 - 2,472 sq ft (229.68 sq m)
Block 53-75 - 5,450 sq ft (506.40 sq m)
Block 77-99 - 5,411 sq ft (502.76 sq m)

Please refer to the marketing particulars for further information.

Location

The site is located on the eastern end of Prospect Row in Chatham, one of the Medway towns in north Kent. The site is immediately to the south of the A2 New Road, with the railway line running to the rear. As such it is within walking distance of the Town Centre amenities and the mainline station, which is less than half a mile to the west. The M2, providing links to the motorway network, is around 4.5 miles from the property.

Accommodation

The site comprises a self-contained residential redevelopment opportunity extending to approximately 0.7 acres, situated on Prospect Row, Chatham, within an established residential area.

The site is occupied by three detached, two-storey residential buildings of traditional brick construction beneath flat roofs, together with associated circulation areas. The buildings are current vacant and are inaccessible, offering potential for refurbishment, redevelopment, subject to obtaining the necessary planning consents.

The properties have not been measured. Measurements have been taken on a GIA basis from Promap as follows:

Block 51 - 2,472 sq ft (229.68 sq m)
Block 53-75 - 5,450 sq ft (506.40 sq m)
Block 77-99 - 5,411 sq ft (502.76 sq m)

Total site area - 0.7 acres (0.29 hectares)

EPC

Awaited

Terms

The Freehold is available with vacant possession. The property is held under part of the title no. K692729.

Rent/Price

Guide Price of £500,000 (Five Hundred Thousand Pounds) to purchase the freehold.

Legal Costs

Each side to bear its own legal and professional costs

Rateable Value / Council Tax

The premises is not currently assessed for business rates.

VAT

Unless otherwise stated, all rents/prices are quoted exclusive of Value Added Tax (VAT) which will be charged at the prevailing rate. Prospective occupiers should satisfy themselves as to any VAT payable in respect of any transaction.

Viewing

Strictly by prior appointment through the Surveyors. Please contact Phil Hubbard e: phil. or Thomas Langston e: thomas.