FOR SALE

Bardell Wharf, Rochester ME1

£8,000,000

Description

The site is broken up into 5 phases, which currently comprises a mixture of car dealerships, industrial buildings, hire centres and retail units.

The site is bounded by a mixture of residential and commercial uses, with a large residential block directly opposite the principle site.

At the centre of the development, the principle site enjoys primary frontage at the road intersection between High Street, Victoria Street and Corporation Street, as well as Eastgate and of Rochester Town Centre.

The South of the application sites is more concentrated residential area, which incorporate retail units fronting onto the High Street.

Location

The land is situated on Corporation Street and the High Street, within the town of Rochester, Kent.

The surrounding area is generally characterised by three to four storey terraced dwellings which are predominantly Victorian era most of which are a mix of residential and commercial accommodation, with a host of numerous shops, restaurants and amenities.

To the north of the subject site is the ‘Rochester Riverside Development’, which is a masterplan managed in partnership by Medway Council and Homes England covering the peninsula land between Rochester rail line and River Medway, and outlines plans for 1400 new homes, new public realm, a new hotel, and new commercial spaces of up to 86,735 sq.ft.

Rochester Station is located on Corporation Street and is approximately 400m away from all of the sites within the development with journey times of 34 minutes to St Pancras and routes to London Victoria.

Planning & Development Potential

The site was granted planning permission on 5th December 2019 (under reference: MC/19/0038/FUL) for a residential–led mixed use development comprising 331 residential units (121 x 1 bedroom & 210 x 2 bedroom units) totalling 227,367 sq.ft. and non-residential floor space comprising 20,387 sq.ft. of E Class floorspace with associated car parking (258 car parking spaces and 8 on street spaces). This will include demolition of all buildings on site with the exception of the buildings East of Furrells Road fronting onto the High Street which is proposed to be partially demolished.

The planning consent is subject to a Section 106 Agreement with an obligation for 35 apartments (15 x 1 bedroom and 20 x 2 bedroom) to be delivered as Affordable Housing (Shared Ownership).

Phase 1 – Affordable Housing

The existing site comprises cleared vacant land in readiness for development.

Planning permission has been granted for 35 apartments (15 x 1 bed and 20 x 2 bed units) over 5 floors with undercroft parking, all of which are designated for Shared Ownership extending to approximately 23,391 sq.ft. NIA.

Offers are invited in the region of £750,000 for the freehold interest.

Phase 2

The existing site comprises industrial buildings, all but one are vacant where there is a short term licence in place.

Planning permission has been granted for 113 apartments (39 x 1 bed and 74 x 2 bed units) over 6/7 floors extending to approximately 77,038 sq.ft, all of which are available for private sale. The ground floor will be used for parking.

Offers are invited in the region of £3,250,000 for the freehold interest.

Phase 3

The existing site comprises a former works buildings and open space, all of which are vacant and ready to be demolished.

Planning permission has been granted for 103 apartments (27 x 1 bed and 76 x 2 bed units) extending to approximately 73,443 sq.ft. over 5, 7 and 14 floors above 16,242 sq.ft. of commercial space.

Offers are invited in excess of £3,500,000 for the freehold interest.

Phase 4

The existing site comprises a former Peugeot workshop which is now vacant. All the buildings on the site will be demolished for development.

Planning permission has been granted for 55 x 2 bedroom apartments extending to approximately 35,145 sq.ft. NIA with 44 parking spaces.

Offers are invited in the region of £1,750,000 for the freehold interest.

Phase 5

The existing site comprises a former Peugeot Car Showroom.

This phase requires partial demolition of the existing buildings, with the frontages along the High Street set to be retained and adapted to provide commercial space, 25 parking spaces
and residential accommodation.

Planning permission has been granted for 25 apartments (7 x 1 bed and 18 x 2 bed units) extending to approximately 18,350 sq.ft. NIA.

Offers are invited in the region of £1,000,000 for the freehold interest.

Tenure

The property will be sold freehold with vacant possession on completion.

VAT

The property is elected for VAT.

Terms

Offers are invited in the excess of £8,000,000 for the entire freehold interest or alternatively offers can be made for each individual phase of the scheme.

Additional Information

Further information including planning and legal documents are available within our dataroom using the access code ‘Bardell’.


Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.


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  • Land and buildings situated on a circa 2.5 acre site
  • Planning permission for the construction of 331 apartments in 5 separate phases (121 x 1 bed & 210 x 2 bed units) extending to approximately 227,367sq.ft. plus flexible commercial space extending to 20,387sq.ft.
  • 296 units are designated for private sale and 35 for Affordable Housing (Shared Ownership)
  • Sought-after residential location within a 10 minute walk to Rochester Station (St Pancras International in 34 mins)
  • Offers are invited in excess of £8,000,000 for the freehold interest of the entire site or alternatively offers will be considered for each individual phase of the scheme

To discuss this opportunity further, please contact Chris Incledon or Jordan Oldfield on 020 7183 2529

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