Indicative Visualisation Residential Development Opportunity For Sale
www.kingsbury-consultants.co.uk 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
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.
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 95,879.24. 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 915 85 Affordable Rent 2 Ground & First Three Bedroom Five Person House 915 85 Affordable Rent 3 Ground & First Three Bedroom Five Person House 915 85 Shared Ownership 4 Ground & First Two Bedroom Four Person House 792 74 Shared Ownership 5 Ground & First Two Bedroom Four Person House 792 74 Shared Ownership 6 Ground & First Three Bedroom Five Person House 1,022 95 Private 7 Ground & First Two Bedroom Four Person House 880 82 Private 8 Ground & First Four Bedroom Seven Person House 1,280 119 Private 9 Ground & First Three Bedroom Five Person House 1,022 95 Private 10 Ground & First Two Bedroom Four Person House 880 82 Private 11 Ground & First Three Bedroom Five Person House 1,022 95 Private 12 Ground & First Four Bedroom Seven Person House 1,280 119 Private 13 Ground & First Four Bedroom Seven Person House 1,280 119 Private 14 Ground & First Four Bedroom Seven Person House 1,400 130 Private 15 Ground & First Four Bedroom Seven Person House 1,400 130 Private 16 Ground & First Three Bedroom Five Person House 910 85 Private 17 Ground & First Three Bedroom Five Person House 910 85 Private 18 Ground & First Three Bedroom Five Person House 910 85 Private 19 Ground & First Three Bedroom Five Person House 910 85 Private 20 Ground One Bedroom Two Person Apartment 487 45 Affordable Rent 21 Ground One Bedroom Two Person Apartment 487 45 Affordable Rent 22 First One Bedroom Two Person Apartment 487 45 Affordable Rent 23 First One Bedroom Two Person Apartment 487 45 Affordable Rent Proposed Streetview Total 21,383 1,987
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 020 7183 2529 jordan.oldfield@kingsbury-consultants.co.uk Stuart Gayer 020 7344 2626 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: 06869268. Proposed Site Layout