The Old Forge, Chartway Street, East Sutton, Maidstone, Kent, ME17 3DW
- SIZE AVAILABLE
78,408 sq ft
7,284 sq m
- SECTOR
Residential development for sale
Key features
- Site Area of 1.8 Acres
- Price On Application - Unconditional Offers Invited
- 3.9 Miles from Junction 8 of the M20
- Suitable for alternative uses, subject to gaining the necessary consents
Description
The site is classified as brownfield land and has planning permission for three detached houses, granted in September 2022 under planning reference 21/503150/FULL.
The additional land to the south offers some prospects for additional development. Any future development on this area would be subject to an overage payment with the vendor.
There is a Community Infrastructure Levy (CIL) Liability of £13,512, but there is no requirement for affordable housing or additional Section 106 contributions
The existing commercial buildings are part occupied under a tenancy with a 3-month option to determine where the tenant is paying £19,000 per annum, as such Vacant Possession can be given. More information about the tenancy upon request.
The existing buildings currently attract the below business rates which are currently paid by the tenant save as for the Store which is occupied by the vendor
Store adj Old Forge Works: £2,900
Offices at Old Forge Works: £4,000
Unit A Old Forge Works: £12,250
Unit B Old Forge Works: £8,200
A data room of additional information is available on request.
The site is being offered for sale by way of an open informal tender process. Offers are sought for the freehold interest on an unconditional basis.
Price on Application.
Offers to be received by 28th June 2024
The landowners reserve the right to invite best and final bids, as well as the right not to accept the highest or any offer.
Brochures
The Old Forge, Chartway Street, East Sutton, Maidstone, Kent, ME17 3DW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Harrietsham Station2.5 miles
- Hollingbourne Station3.0 miles
- Lenham Station3.6 miles
About Sibley Pares Chartered Surveyors, Maidstone
Equitable House, 1 Ashford Road, Maidstone, ME14 5BJ
Notes
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