Indicative Visualisation (43 units)
3 Tonbridge Road, Maidstone, Kent ME16 8RL Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk 3 Tonbridge Road, Maidstone, Kent ME16 8RL
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
SUMMARY
• 3-storey office building of circa 5,150ft2 GIA with land to the rear
• Planning permission for 43 residential units for private sale (40 x 1 bed, 2 x 2 bed and 1 x 3 bed apartments) totalling 21,022ft2 NSA
• Separate planning permission for 20 residential units for private sale (11 x 1 bed and 9 x 2 bed apartments) totalling 12,400ft2 NSA
• Central location in Maidstone, in close proximity to The Mall shopping centre and adjacent to Maidstone West Station
• Offers are invited in excess of £1,000,000 for the freehold interest www.kingsbury-consultants.co.uk 3 Tonbridge Road, Maidstone, Kent ME16 8RL
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
DESCRIPTION
The property comprises a 3-storey office building extending to approximately 5,150ft2 GIA.
There is a small forecourt to the front of the building and a large car park area and other land to the rear. The total site area is circa 0.31 acres.
The site is accessed directly via Tonbridge Road and is bounded to the north, south and east by commercial properties.
The property is currently vacant.
LOCATION
The property is located in the centre of Maidstone, the County town of Kent, approximately 35 miles south east of Central London. The site is a short distance to the east of The Mall, the largest shopping centre in Maidstone, and 0.3 miles away from the main High Street which offers numerous shops, restaurants and amenities.
There are two main train stations in Maidstone; Maidstone East and Maidstone West which is directly adjacent to the site. Both stations provide direct trains to London Victoria, Canterbury, Tonbridge and Ashford International.
Trains to London Victoria are 50 minutes each way from Maidstone East Station and Maidstone West provides direct trains to St Pancras International in circa 49 minutes. www.kingsbury-consultants.co.uk 3 Tonbridge Road, Maidstone, Kent ME16 8RL
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
PLANNING & DEVELOPMENT POTENTIAL
The subject property benefits from two separate planning consents: ACCOMMODATION SCHEDULE - 43 UNITS 43 UNITS Type Amount Size ft2 Size m2 1 Bedroom Flat 40 18,622 1,730 Planning permission was granted on 27th September 2018, under reference: 18/500160/FULL, for demolition of the existing building and erection of a 6-storey building to provide 43 residential 2 Bedroom Flat 2 1,216 113 2 units comprising 40 x 1 bed, 2 x 2 bed and 1 x 3 bed apartments totalling 21,022ft NSA. 3 Bedroom Flat 1 1,184 110 All units are for private sale, however the planning consent is subject to a Section 106 Total 43 21,022 1,953 Agreement which obligates for a financial contribution of £2,064.68 for libraries, as well as viability reassessment obligations. The document is available for review within the dataroom. ACCOMMODATION SCHEDULE - 20 UNITS No CIL is applicable. Type Amount Size ft2 Size m2 20 UNITS 1 Bedroom Flat 11 6,039 561
Planning permission was granted on 16th June 2017, under reference: 16/507491/FULL, for 2 Bedroom Flat 9 6,361 591 demolition of the existing building and erection of a 4-storey building to provide 20 residential Total 20 12,400 1,152 units comprising 11 x 1 bed and 9 x 2 bed apartments totalling 14,400ft2 NSA.
All of the units are for private sale and there are no Section 106 obligations.
Proposed Side Elevation (43 units) www.kingsbury-consultants.co.uk 3 Tonbridge Road, Maidstone, Kent ME16 8RL
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
TENURE
The property will be sold with vacant possession on completion.
VAT
The property is not elected for VAT.
TERMS
Offers are invited in excess of £1,000,000.
ADDITIONAL INFORMATION
Further information including planning and legal documents are available within our dataroom using the access code ‘Tonbridge’.
CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents:
Jordan Oldfield 020 7183 2529 [email protected]
Reece Gordon 020 7183 2529 [email protected]
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.