Mixed Use Block Development Opportunity, 80-86 John Street, Medway, Rochester, ME1 1YW

An opportunity to acquire a freehold mixed-use block in Kent with planning permission for the rooftop development of 4 x 1 bed apartments.

The residential and commercial space in the block has been sold off on long leases without the £80 per annum ground rent income plus block management fees charged to tenants.

Planning permission was granted by Medway Council under reference MC/17/4128. The application was implemented as it linked a neighbouring development.

Location

Located in close proximity to Rochester Town Centre, and situated in a parade of shops fronting John Street.

Accommodation

Unit 1 - 37.15 sq m (400 sq ft)

Unit 2 - 37.15 sq m (400 sq ft)

Unit 3 - 37.15 sq m (400 sq ft)

Unit 4 - 37.15 sq m (400 sq ft)

Total - 148.6 sq m (1,600 sq ft)

Terms

Tenure - Freehold

Price - £100,000

EPC - B-E