Residential development for sale
Property description & features
- Tenure: Freehold
- Development Opportunity with Lapsed Planning
- Freehold Site
- 29 flats maisonettes
- 27 allocated parking spaces
- Estimated Gross Development Value 4.7 Million
A SIGNIFICANT PROFIT GENERATING SOUTHEAST LONDON DEVELOPMENT OPPORTUNITY
The Water Tower – Trinity Road, Sheerness, Kent, ME12 2PF – Development
For sale by Auction.
Guide Price £500,000 PLUS
Our vendor is keen to sell prior to auction.
Description
The property comprises a derelict former water tower and water pumping station situated on a large plot.
Plans were approved on the 20th of September 2017. The requisite 5 year period has reached its end. However the local authority have confirmed in writing that the Planning consent will be renewed upon application of one and the same.
In order for the intended historic conversion of the Water Tower to take place.
This historic building supplied water to Sheerness up until 1960 In 2005, planning was granted for the provision of 29 flats and maisonettes within retained buildings and an adjacent new build block, The development has been delayed only due to the new owners taking longer than expected to raise the development funding
The plans have shown 29 flats maisonettes seven of which would be spread over 3 floors, with 27 allocated parking spaces.
The Planning
Swale Borough Council granted the following planning permission on 29th March 2005 (ref:SW/05/0400) “Provision of 29 flats and maisonettes within retained buildings and adjacent new build block” under (ref: 14/502540/FULL)
Tenure: Freehold
Property position
The site is situated on the western side of the A250 Trinity Road. Within walking distance of the shops and amenities of the town centre.
The site can be found by using our what three words system and searching highly.committee.december
Schools are located with a mile. With Sheppey Collage just 1200 yards from the site
Transport links are provided by Sheerness on the sea rail station. With links to central London in 80 minutes.
Location
The property is situated in the coastal town of Sheerness.
Sheerness is a port town. Which stands upon the mouth of the Isle of Sheppey in north Minster which has a population of 21,319.
Sheerness, boasts a variety of shops and local amenities that cater to both residents and visitors alike. The town centre is home to a diverse range of shops, from independent boutiques to well-known high street retailers. Sheerness also has a bustling market that sets up on certain days of the week, where locals can find fresh produce, artisanal crafts, and other delightful goods.
Including a selection of restaurants, cafes, and pubs, For those seeking relaxation, Sheerness boasts a beautiful beach that stretches along the coast, providing a tranquil escape and stunning views of the sea. Additionally, the town offers recreational facilities such as parks, sports clubs, and leisure centres.
Sittingbourne is 9 miles Southeast
Canterbury is 31 miles
Central London is 50 miles West
Buyer’s Premium:
Applies on the fall of the hammer. The purchaser shall pay a 10% deposit. Plus, In addition a buyer’s premium of 2% of the sale price + VAT upon the exchange of contract.
When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti Money Laundering Act.
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Broadband availability and predicted speed: obtained from Ofcom on October 25, 2022
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Energy Performance data and Internal floor area
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