FREEHOLD SITE WITH PP FOR NEW COMMERCIAL UNIT PLUS 8 FLATS
Guide price: £500,000 - £505,000
Location & Description
Ashford is about 60 miles south east of central London and is between Maidstone and Folkestone. Reached via the M20 from Junction 3 of the M25 and well known for its international station and Eurostar link.
The property currently is arranged as two single storey commercial units adjoining a four storey purpose built block (which has ground floor retail with the upper parts being converted into 33 flats).
Located at the junction where Bank Street and Elwick Road meet and facing Debenhams with numerous national multiple retailers, banks and restaurants within a short walk in the town centre. Elwick Place opposite has recently received planning permission for a six screen cinema, hotel and restaurant scheme due for completion in 2018.
Currently 2 shops:
No13: Occupied by the Money Shop at £10,000 p.a. with lease expiring 25.12.16 - s25 notice served.
No14: Occupied by Awake Grace Ministries International Ltd - holding over under an AST at £600 pcm.
The freehold benefits from the rights over the adjoining car park, stairs and lifts as hatched blue on the plan.
The seller will retain the ground floor by reserving a 999 year lease back to themselves allowing the buyer rights of access for demolition and redevelopment as per the lease.
Granted (27/06/2016 ref 15/00011/AS) for 5 storeys with A1/A2/A3/A4/A5 on the ground floor (plans show 180 sq m) plus 5 x 2 BEDROOM AND 3 x 1 BEDROOM FLATS above with roof terraces.
- Development Site
- Commercial/Residential Planning Permission
- Town Centre Location
Available at £500,000