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COMMERCIAL

New Road Avenue, Chatham, ME4

Offers Over
£550,000
Keller Williams Advantage, Covering South East
PROPERTY TYPE

Office

SIZE

5,382 sq ft

500 sq m

Key features

  • Period Building c. 1893
  • Great Development Potential
  • Planning Permission Granted
  • Dial Ext 109 to reach the agent direct

Description

Please get in touch for an immediate viewing and to request further details on the planning in place.

Avenue Business Centre has served the local business community in providing entrepreneurs with workspace for the last two decades under the current proprietors'. Currently it generates £5000 per month in rent based on the number of rooms rented, which is a 10% yield. There is forecasted potential to increase that.

It has now become available with the option of continuing in its current capacity or converting to residential apartments consisting of 12 units - 1 x studio, 8 x one bed and 3 x two-bed - planning permission granted by Medway Council on 30th June 2023

The original building was completed in 1893, and served as a residential home until around the 1960s when it became commercial with an additional build added to what was once the rear garden.

Details of the plan can be provided on request, and a viewing is advised to give a true scope on the size of this property and the potential for redevelopment, or continuing as a going concern.

Dial Ext 109 to reach the agent direct

New Road Avenue, Chatham, ME4

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chatham Station0.1 miles
  • Rochester Station0.8 miles
  • Gillingham Station1.3 miles

About Keller Williams Advantage, Covering South East

The Old Town Hall 30 Tweedy Road Bromley BR1 3FE

Keller Williams is all about a dedicated, bespoke and personal service. Our agents operate locally and have an unrivalled understanding of property in their area. We go the extra mile to sell your property. You will have one dedicated agent who will manage the transaction through from start to finish. To us, service is paramount and you will notice the difference at every step of your property journey.

Keller Williams is the largest estate agency in the world, with the highest number of agents, property listings and sales volume. We have global reach, but it is locally where we make the difference.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference RX587560. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Keller Williams Advantage, Covering South East. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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