£165,000

Land for sale

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Auction
Freehold

Guide price

£165,000

Land for sale

Castle Road, Maidstone ME16

Key Information

Tenure:
Freehold
Council tax band:
C
Ground rent:
£0

Local area information

Property location

Nearby amenities

  • Allington Primary School 0.1 miles
  • Palace Wood Primary School 0.2 miles
  • Barming 0.8 miles
  • Maidstone Barracks 1 mile

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Sale by Modern Auction (T&Cs apply)
  • Subject to an undisclosed Reserve Price
  • Buyers fees apply
  • Great Location situated within close proximity to the Mid-Kent Shopping Centre
  • Excellent car parking via yearly licenses
  • In excess of 1,000 sq.ft of Living Space
  • Flying Freehold
  • New Build
Summary
The Connells Land Department are delighted to be selling the detailed Consent for the Redevelopment of vacant roof space (Infill) to create 3 X 3 Bed Maisonettes above the Mid-Kent Shopping Centre. This will include yearly parking licenses that will be granted to the local car park.

Description
Maidstone Planning Application ref 22/502745/full

Excellent Development opportunity. Detailed Consent for the Redevelopment of vacant roof space (Infill) to create 3 X 3 Bed Maisonettes with yearly parking licenses that will be granted to the local car park.

There are lots of good places to eat and shop under one roof. Highlights include; Waitrose, Boyces bakery (great doughnuts), a number of Charity shops, Chemist, Aunt Sally's cafe (amazing cooked breakfasts), a pie and mash restaurant & a Chip shop.

M1 & M2 - 3Bed 97M2 (1,044.1 Sq ft.) M3 - 3Bed 105M2 (1,130.21 Sq ft).
Total 299M2 or 3,218.41 Sq ft.

Cil Payable to Maidstone Borough Council £28,493.59.
Gdv Circa £825,000 (Confirmed by Connells New Homes)
Rentals Circa £1,300 pcm (Confirmed by Connells Lettings)

Service Charges tbc


Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

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Connells - Maidstone

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