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Sold Prior

Development Opportunity, Top Floor Flat, 74 London Road, Maidstone, Kent, ME16 0DT

Sold Prior

  • Flat
  • 2 Bedrooms
  • Tenure: Leasehold. 125 Years from 30th June 2017 thus 121 Years Remaining

Call the team on 01702 33 33 99 for more information

Auction Date

Tue 18/05/2021

Auction Time

14:00

Auction Venue

LIVE STREAM www.AuctionHouse.Online,

DEVELOPMENT OPPORTUNITY WITH PLANNING CONSENT FOR LOFT CONVERSION WITH DORMERS TO THE REAR AND BOTH SIDES TO CREATE A TWO BEDROOM FLAT WITH ROOF TERRACE (REF:19/501441/FULL).

This development opportunity delivers a spacious two bedroom flat in an existing block of 7 with a total living space of approximately 874Sq Ft (81.22Sq M) plus two roof terraces.

Tenure

Leasehold. 125 Years from 30th June 2017 thus 121 Years Remaining

PROJECTED GDV

Similar properties in the area are currently selling for around £3,127.69 per Square Meter giving a realistic expectation for a Gross Development Value of about £220,000 on this project

LOCATION

Maidstone is a town in Kent and it is the county town. Historically important it lies 32 miles East-South-East of London. The property is located about 1 mile North of Maidstone Town Centre in a popular residential area.

NOTES

GDV Values are calculated from completed sales and should be considered the opinion of the vendor which should not be relied upon, prospective buyers are advised to carry out their own due diligence

VIEWING

Strictly by appointment with the auctioneer Tel: 01622 589 623

Local Authority

Maidstone Borough Council

Additional Fees

Buyer's Premium - £1800 inc VAT payable on exchange of contracts.

Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.