FOR SALE

Swanley Shopping Centre, Swanley BR8 7TL

Offers in excess of £2,250,000

Description

The subject property comprises part of the first floor office space of the Swanley hopping Centre.

The first floor office space is currently vacant and extends to approximately 9,345 sq.ft.

The adjacent first floors are currently a mixture of residential and ancillary retail space with the ground floor commercial units occupied by a number of tenants including Boots, Wilko’s and Barclays Bank. The adjacent first floor space and ground floor commercial units do not form part of the sale and will be retained by the vendors.

Location

The property is located in Swanley within the Sevenoaks District of Kent.

The property is located above the Swanley Shopping Centre, a prominent retail and commercial building within the Centre of Swanley.

The property benefits from excellent access to the national motorway network being located 1.2 miles from the M25 Motorway providing access to the wider South East and London.

Swanley train station is situated 0.5 miles from the subject property providing direct services into London Victoria and London Blackfriars in under 40 minutes.

Planning & Development Potential

The property benefits from Prior Approval under two separate applications:

Prior Approval was granted under reference: 21/00924/PAC on 18th May 2021 for the change of use and conversion of the first floors to provide 13 residential apartments (5 x 1 bedroom and 8 x 2 bedroom residential units) extending to  approximately 7,173 sq.ft.

Prior Approval was granted under reference: 21/00923/PAD on 18th May 2021 to add one additional storey to provide 23 residential apartments (10 x 1 bedroom and 13 x 2 bedroom units) extending to approximately 12,725 sq.ft.

The proposed development will provide 36 units in total (15 x 1 bed and 21 x 2 bed units) extending to approximately 19,898 sq.ft.

Tenure

The property will be sold freehold and subject to vacant possession upon completion.

VAT

The property is not elected for VAT.

Terms

Offers invited in excess of £2,250,000 for the 999-year leasehold interest of the first floor and airspace reflecting a low capital value of £113 per sq.ft. on the proposed areas.

Additional Information

Further information including planning documents and technical documents are available in the dataroom using access code ‘Swanley’.


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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  • First floor office space extending to approximately 9,354 sq.ft.
  • Prior Approval for conversion and additional storey to create 36 residential units extending to approximately 19,898 sq.ft. in total
  • All units are for private sale
  • Located within Swanley Town Centre
  • Offers invited in excess of £2,250,000 for the 999-year leasehold interest of the first floor and airspace reflecting a low capital value of £113 per sq.ft. on the proposed areas

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

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