Freehold commercial and residential development

An excellent opportunity to acquire a substantial freehold development opportunity in the heart of Strood High Street, offered with vacant possession and the benefit of an existing and valid planning permission for a mixed-use scheme. Planning permission MC/22/0108 provides for the construction of two additional storeys to create eight self-contained apartments, together with two Class E commercial units at ground-floor level with new shop fronts. Planning conditions have been discharged, with the associated costs already paid by the vendor, representing an estimated saving of approximately £4,000 to the purchaser. There may also be potential to enhance the residential mix from 8 x one-bedroom apartments to 4 x two-bedroom and 4 x one-bedroom apartments, subject to a successful Section 73 application, building control and all necessary approvals. Occupying a prominent High Street position, the property presents an attractive opportunity for developers and investors to acquire a vacant freehold asset with an established eight-unit residential consent and further potential to optimise the scheme. Please Note: One commercial unit has been affected by a recent fire and is currently not suitable for occupation/use. Prospective purchasers should refer to the legal pack and planning documentation for full details of the property, approved scheme, conditions and associated consents.