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30 Bryant Street, Chatham, Kent

£500,000

Size

5,662.8

Tenure

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EPC

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Parking

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Primary use
Residential development
Floorplan
1

Key features

  • Freehold Development Site with planning for 10x 1-bedroom & 14x 2-bedroom apartments.
  • 0.3 mile to Chatham High Street & 0.4 mile to Chatham Station.
  • GDV Resale Value c.£5m (c.£315 p/sqft).
  • C.12% Gross Yield with a GDV Leasing Value of c.£425,000pa (c.£35,416pcm).
  • Planning via Medway Council for 24x all Private Apartments (ref:MC/23/2779).
  • OIEO £500,000 (only c.£21k per plot).
  • Site Area c.0.13 acres.
  • Consented NSA is c.15,898sqft (c.1477sqm).

Description

A superbly located freehold development site in one of Medway's most well-known areas, Chatham, just minutes from the station and High Street. The development site itself is a cleared site, and extends to c.0.13 acres, which benefits from planning consent to construct a 6-storey building comprising 24x all private apartments. The site is being sold unconditionally and will appeal to developers looking to either build and resell, or build to rent, with an expected yield to be c.9/10% (subject to construction costs) based on private market rents, allowing for a buyer to refinance the building and add the 24x apartments into their portfolio.
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Brochure

30 Bryant Street, Chatham, Kent

NEAREST STATIONS

National Rail

Chatham Station

0.31 miles

National Rail

Gillingham Station

1.1 miles

National Rail

Rochester Station

1.19 miles

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Disclaimer - Property reference 36771FH. 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 Acorn Commercial, Acorn Commercial. 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.