redevelopment opportunity for residential and commercial ... - Realla

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REDEVELOPMENT OPPORTUNITY FOR RESIDENTIAL AND COMMERCIAL USES OR OWNER OCCUPATION WAREHOUSE/INDUSTRIAL COMPLEX (INCLUDING RETAIL USE) 6.7 Acres

FREEHOLD

GRAVENEY ROAD, FAVERSHAM ME13 8UN

LOCATION: Faversham is located approximately 55 miles south-east of London, in a popular location on the Kent coast and less than nine miles from Canterbury The property lies to the eastern edge of Faversham in an established commercial location that is surrounded by rural areas and would be suitable for continuing with its existing uses or for redevelopment of residential or other higher value commercial uses, subject to appropriate planning permission being available For existing or new commercial uses, the location offers excellent accessibility by road, being 1.5 miles from junction 7 of the M2 and the A299 thus providing direct connections to the major road network to the channel ports and channel tunnel to the east and the M25 and Ports of Medway and Sheerness to the west. For residential or higher value commercial uses the property is in a prominent position, with good access to the town centre and surrounding catchment areas. There are public transport services adjacent to the property and it is within two miles of Faversham railway station which is served by the new Javelin high speed train providing connection to St Pancras in just over one hour in addition to regular services to London. The reduced travelling time to London is attracting commuters to relocate to this area.

DESCRIPTION: The premises comprise of several large warehouse / industrial buildings on a site area of approximately 6.7 acres (2.7Ha.), some parts being of relatively modern construction but the majority being constructed over 50 years ago. The existing properties would be suitable for the provision of warehousing and distribution uses particularly for low value bulky goods. The site includes a range of separate buildings which are able to be occupied for different uses and occupiers, thus providing the opportunity of enhancement to the accommodation and the creation of an investment with future redevelopment potential. The buildings have been fully occupied and operational up to date and whilst not providing accommodation to the most modern standards, the buildings are able to provide a reasonable standard of storage, industrial and ancillary uses, which includes low cost office and showroom accommodation. There is also a small detached bungalow at the western part of the site which is currently vacant and which has potential for reuse as residential or commercial use. The quality of some of the single storey buildings is low and could easily be cleared to provide larger external areas if required for additional vehicle parking / open storage uses. An unusual attribute to the property is its existing and long established retail use within part of the property and this may provide further opportunities for similar uses.

ACCOMMODATION: All areas are approximate on a gross internal basis: Sq ft 9,000

Sq m 840

Main warehouse

75,000

7,000

Storage buildings

24,000

2,200

Modern warehouse

A vacant detached bungalow is within the site Former cold store

21,000

1,950

Retail/showroom

7,800

725

Storage building

5,700

525

Total Floor Area

142,500

13,240

TERMS: The property is offered for sale on a freehold basis with vacant possession.

PRICE: Offers would be considered on a conditional basis for redevelopment with phased payments.

LEGAL COSTS: Each party to be responsible for their own legal costs.

PLANNING & BUILDING REGULATIONS: It is the responsibility of the purchaser or tenant to satisfy themselves that their intended use of the property complies with the relevant permission and building regulations in force at the time of purchase or letting.

BUSINESS RATES: Rateable Value - £246,000 Please note this is not the Rates Payable (Please contact the Local Rating Authority or this office for further information).

EPC: The EPC for this property is available as a separate download from Harrisons website.

VIEWING: Peter Burt 01634 265900 [email protected] Ref: 20/04/2012 / PB / 638

IMPORTANT NOTICE Harrisons for themselves and for vendors or lessors of this property whose agents they are give notice that: 1 These particulars are prepared only for the guidance of prospective purchasers/lessees, as is any further information made available upon request. They are intended to give a fair overall description of the property but do not constitute any part of an offer or contract. All prospective purchasers/lessees must accordingly satisfy themselves by inspection or otherwise as to the accuracy of all such information. 2 Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise, nor that any services or installations have been tested and are in good working order. We recommend that prospective purchasers/lessees arrange appropriate tests prior to entering into any commitment. 3 Any photographs appearing in these particulars show only certain parts and aspects of the property at the time when they were taken. The property may have since changed and it should not be assumed that it remains precisely as it appears in the photographs. Furthermore, no assumptions should be made in respect of any part of the property not shown in the photographs. 4 Any areas, measurements or distances referred to herein are approximate and are provided only for general guidance. 5 The purchaser/lessee will have been deemed to have inspected the property and satisfied themselves with regard to all conditions and circumstances relating to the property and its sale/letting and therefore any error, mis-statement, fault or defect in the particulars, plans or further information will not annul the sale. 6 No person in the employment of Harrisons has any authority to make or give any representation or warranty whatever in relation to this property. 7 All rents, prices and charges quoted in these particulars may be subject to VAT and all purchasers/lessees must satisfy themselves from their own independent enquires whether VAT is payable.