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Bardwell Wharf, Rochester, Kent ME1 Town Centre Regeneration Opportunity For Sale www.kingsbury-consultants.co.uk Bardwell Wharf, Rochester, Kent ME1
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT AERIAL TERMS
SUMMARY
• Land and buildings situated on a circa 2.5 acre site
• Planning permission for the construction of 331 apartments in 5 separate phases (121 x 1 bed & 210 x 2 bed units) extending to approximately 227,367ft2 plus flexible commercial space extending to 20,387ft2
• 296 units are designated for private sale and 35 for Affordable Housing (Shared Ownership)
• Sought-after residential location within a 10 minute walk to Rochester Station (St Pancras International in 34 mins)
• Offers are invited in excess of £8,000,000 for the freehold interest of the entire site or alternatively offers will be considered for each individual phase of the scheme www.kingsbury-consultants.co.uk Bardwell Wharf, Rochester, Kent ME1
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT AERIAL TERMS
DESCRIPTION
The site is broken up into 5 phases, which currently comprises a mixture of car dealerships, industrial buildings, hire centres and retail units.
The site is bounded by a mixture of residential and commercial uses, with a large residential block directly opposite the principle site.
At the centre of the development, the principle site enjoys primary frontage at the road intersection between High Street, Victoria Street and Corporation Street, as well as Eastgate and of Rochester Town Centre.
The South of the application sites is more concentrated residential area, which incorporate retail units fronting onto the High Street.
LOCATION
The land is situated on Corporation Street and the High Street, within the town of Rochester, Kent.
The surrounding area is generally characterised by three to four storey terraced dwellings which are predominantly Victorian era most of which are a mix of residential and commercial accommodation, with a host of numerous shops, restaurants and amenities.
To the north of the subject site is the ‘Rochester Riverside Development’, which is a masterplan managed in partnership by Medway Council and Homes England covering the peninsula land between Rochester rail line and River Medway, and outlines plans for 1400 new homes, new public realm, a new hotel, and new commercial spaces of up to 86,735ft2.
Rochester Station is located on Corporation Street and is approximately 400m away from all of the sites within the development with journey times of 34 minutes to St Pancras and routes to London Victoria. www.kingsbury-consultants.co.uk Bardwell Wharf, Rochester, Kent ME1
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT AERIAL TERMS
PLANNING & DEVELOPMENT POTENTIAL
The site was granted planning permission on 5th December 2019 (under reference: MC/19/0038/FUL) for a residential–led mixed use development comprising 331 residential units (121 x 1 bedroom & 210 x 2 bedroom units) totalling 227,367ft2 and non-residential floor space comprising 20,387ft2 of E Class floorspace with associated car parking (258 car parking spaces and 8 on street spaces). This will include demolition of all buildings on site with the exception of the buildings East of Furrells Road fronting onto the High Street which is proposed to be partially demolished.
The planning consent is subject to a Section 106 Agreement with an obligation for 35 apartments (15 x 1 bedroom and 20 x 2 bedroom) to be delivered as Affordable Housing (Shared Ownership). OVERALL SCHEME
Description Amount Size ft2 Commercial Use Class ‘E’ - 20,387 Private Residential 1 Bedroom 106 58,554 2 Bedroom 190 145,422 Affordable Residential 1 Bedroom 15 8,138 2 Bedroom 20 15,253 Residential Total: 331 227,367
Indicative Visualisation www.kingsbury-consultants.co.uk Bardwell Wharf, Rochester, Kent ME1
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT AERIAL TERMS
ROCHESTER RIVERSIDE MASTERPLAN
1,300 new homes and 108,000ft2 of commercial space currently under construction by Countryside Properties ROCHESTER STATION
Planning granted for 64 new homes and commercial space RECENTLY COMPLETED
2 x 5-storey residential blocks developed by MHS Homes
Planning submitted for 44 new homes
BARDWELL WHARF
HIGH STREET www.kingsbury-consultants.co.uk Bardwell Wharf, Rochester, Kent ME1
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT AERIAL TERMS
PHASE 1 - AFFORDABLE HOUSING BLOCK
The existing site comprises cleared vacant land in readiness for development. Description Amount Size ft2 Planning permission has been granted for 35 apartments (15 x 1 bed and 20 x 2 bed units) 1 Bedroom Apartment 15 8,138 over 5 floors with undercroft parking, all of which are designated for Shared Ownership 2 extending to approximately 23,391ft NIA. 2 Bedroom Apartment 20 15,253
Offers are invited in the region of £750,000 for the freehold interest. Total: 35 23,391
Parking Spaces: 23
PHASE 1
Site Layout Indicative Visualisation www.kingsbury-consultants.co.uk Bardwell Wharf, Rochester, Kent ME1
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT AERIAL TERMS
PHASE 2
The existing site comprises industrial buildings, all but one are vacant where there is a short Description Amount Size ft2 term licence in place.
Planning permission has been granted for 113 apartments (39 x 1 bed and 74 x 2 bed units) 1 Bedroom Apartment 39 20,279 over 6/7 floors extending to approximately 77,038ft2, all of which are available for private sale. 2 Bedroom Apartment 74 56,759 The ground floor will be used for parking. Total: 113 77,038 Offers are invited in the region of £3,250,000 for the freehold interest. Parking Spaces: 44
PHASE 2
Site Layout Indicative Visualisation www.kingsbury-consultants.co.uk Bardwell Wharf, Rochester, Kent ME1
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT AERIAL TERMS
PHASE 3
The existing site comprises a former works buildings and open space, all of which are vacant Description Amount Size ft2 and ready to be demolished. Commercial - 16,242 Planning permission has been granted for 103 apartments (27 x 1 bed and 76 x 2 bed units) Total: 16,242 extending to approximately 73,443ft2 over 5, 7 and 14 floors above 16,242ft2 of commercial 1 Bedroom Apartment 27 15,823 space. 2 Bedroom Apartment 76 57,620 Offers are invited in excess of £3,500,000 for the freehold interest. Residential Total: 103 73,443 Parking Spaces: 127
ACCOMMODATION SCHEDULE
PHASE 3
Site Layout Indicative Visualisation www.kingsbury-consultants.co.uk Bardwell Wharf, Rochester, Kent ME1
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT AERIAL TERMS
PHASE 4
The existing site comprises a former Peugeot workshop which is now vacant. All the Description Amount Size ft2 buildings on the site will be demolished for development.
Planning permission has been granted for 55 x 2 bedroom apartments extending to 1 Bedroom Apartment 0 18,568 approximately 35,145ft2 NIA with 44 parking spaces. 2 Bedroom Apartment 55 16,577 Offers are invited in the region of £1,750,000 for the freehold interest. Total: 55 35,145
Parking Spaces: 44
PHASE 4
Site Layout Indicative Visualisation www.kingsbury-consultants.co.uk Bardwell Wharf, Rochester, Kent ME1
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT AERIAL TERMS
PHASE 5
The existing site comprises a former Peugeot Car Showroom. Description Amount Size ft2 This phase requires partial demolition of the existing buildings, with the frontages along the Commercial - 4,144 High Street set to be retained and adapted to provide commercial space, 25 parking spaces Total: 4,144 and residential accommodation. 1 Bedroom Apartment 7 3,884 Planning permission has been granted for 25 apartments (7 x 1 bed and 18 x 2 bed units) 2 Bedroom Apartment 18 14,466 2 extending to approximately 18,350ft NIA. Residential Total: 25 18,350 Offers are invited in the region of £1,000,000 for the freehold interest. Parking Spaces: 20
PHASE 5
Site Layout Indicative Visualisation www.kingsbury-consultants.co.uk Bardwell Wharf, Rochester, Kent ME1
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT AERIAL TERMS
TENURE
The property will be sold freehold with vacant possession on completion.
VAT
The property is elected for VAT.
TERMS
Offers are invited in the excess of £8,000,000 for the entire freehold interest or alternatively offers can be made for each individual phase of the scheme.
ADDITIONAL INFORMATION
Further information including planning and legal documents are available within our dataroom using the access code ‘Bardwell’.
CONTACT
To discuss any aspect of this property or the disposal process, please contact the sole selling agents: Chris Incledon 020 7183 2529 [email protected]
Jordan Oldfield 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. Indicative Visualisation