Indicative Visualisation. The Paddock, Old Ashford Road, Lenham, Kent ME17 2PX Residential Development Opportunity For Sale

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1 Indicative Visualisation Residential Development Opportunity For Sale

2 HOME SUMMARY Rectangular site occupied by grassland extending to approximately 1.9 acres Planning Permission for a new build scheme comprising 23 dwellings totalling 21,383ft2 (14 houses for private sale and 5 houses and 4 apartments for affordable housing) Attractive location within the market village of Lenham, positioned between Maidstone and Ashford and 0.7 miles from Lenham Station To be offered for sale with a guide price of 1,800,000 1,900,000 in the Allsop auction on Thursday 25th May 2017 unless sold prior SUMMARY DESCRIPTION & LOCATION DEVELOPMENT

3 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT DESCRIPTION The existing property comprises a broadly rectangular site extending to approximately 1.9 acres, occupied by grassland and bounded by residential houses to the west and south, and the A20 to the north. Vehicular access to the property is gained directly from the A20. Planning permission has been granted for a scheme of 19 family houses and 4 apartments within an exclusive new development with parking spaces for up to 28 vehicles. LOCATION The property is located in the market village of Lenham, within the county of Kent. Lenham is postitioned roughly halfway between the large towns of Maidstone and Ashford, approximately 48 miles to the south-east of Central London. The site is situated adjacent to the A20 (Ashford Road). Residential properties lie to the west with a new community centre and surgery to the east. A variety of shops and amenities are available on Lenham High Street, located approximately 0.1 miles from the property. Lenham Station is located circa 0.7 miles from the site, providing regular Southern Rail services into Central London including London Victoria in approximately 1 hour and 15 minutes.

4 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT DEVELOPMENT POTENTIAL The property benefits from detailed planning permission, granted on 27 th January 2017 under reference 14/503411/FULL, for the construction of 23 dwellings comprising 4 apartments (4 x 1 bed units) and 19 houses (4 x 2 bed, 10 x 3 bed & 5 x 4 bed units) with associated landscaping and off-street parking spaces for up to 28 vehicles. The planning consent is subject to a Section 106 Agreement with obligations for 9 units to be affordable housing (Plots 1, 2, 3, 4, 5, 20, 21, 22 and 23) and a financial contribution of 95, The only planning application can be found here. Unit Floor Description NIA ft 2 NIA m 2 Tenure 1 Ground & First Three Bedroom Five Person House Affordable Rent 2 Ground & First Three Bedroom Five Person House Affordable Rent 3 Ground & First Three Bedroom Five Person House Shared Ownership 4 Ground & First Two Bedroom Four Person House Shared Ownership 5 Ground & First Two Bedroom Four Person House Shared Ownership 6 Ground & First Three Bedroom Five Person House 1, Private 7 Ground & First Two Bedroom Four Person House Private 8 Ground & First Four Bedroom Seven Person House 1, Private 9 Ground & First Three Bedroom Five Person House 1, Private 10 Ground & First Two Bedroom Four Person House Private 11 Ground & First Three Bedroom Five Person House 1, Private 12 Ground & First Four Bedroom Seven Person House 1, Private 13 Ground & First Four Bedroom Seven Person House 1, Private 14 Ground & First Four Bedroom Seven Person House 1, Private 15 Ground & First Four Bedroom Seven Person House 1, Private 16 Ground & First Three Bedroom Five Person House Private 17 Ground & First Three Bedroom Five Person House Private 18 Ground & First Three Bedroom Five Person House Private 19 Ground & First Three Bedroom Five Person House Private 20 Ground One Bedroom Two Person Apartment Affordable Rent 21 Ground One Bedroom Two Person Apartment Affordable Rent 22 First One Bedroom Two Person Apartment Affordable Rent 23 First One Bedroom Two Person Apartment Affordable Rent Proposed Streetview Total 21,383 1,987

5 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TENURE The property will be sold freehold with vacant possession. VAT We understand that the property is not elected for VAT. To be offered for sale with a guide price of 1,800,000-1,900,000 in the Allsop auction on Thursday 25th May 2017 unless sold prior. ADDITIONAL INFORMATION Further information including planning, technical and legal documents can be view in the dataroom using access code Paddock. CONTACT To discuss any aspect of the property of disposal process, please contact the joint selling agents: Jordan Oldfield jordan.oldfield@kingsbury-consultants.co.uk Stuart Gayer stuart.gayer@allsop.co.uk Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: Proposed Site Layout

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