Of interest to Owner Occupiers and Investors/Developers
FREEHOLD FOR SALE DEVELOPMENT SITE FOR SALE
- Current rental income of approximately £105,000 pa
- Excellent location close to the A25/A21/M25 intersection
- Approximately 2 miles from Sevenoaks
- Guide Price £1.85 million Freehold
Warren Farm, Sundridge
The site is situated in Sundridge close by to Sevenoaks, Kent approximately 28 miles south east of London and 14 miles west of Maidstone. Junction 5 of the M25/A21/A25 intersection is close by.
The A21 is the main arterial road that runs north/south between junction 5 of the M25 and Royal Tunbridge Wells. The A25 runs east/west from Sevenoaks and Maidstone to the east and Reigate/Dorking to the west.
Main line railway services are available from Sevenoaks Station which provides frequent services to London.
Sevenoaks Town Centre benefits from a wide range of local amenities including Bleighs Meadow Retail Centre, the Riverside Retail Park and a selection of national and independent retail operators.
The site has direct access from the A25 and extends to approximately 0.8 hectares, and includes a mix of commercial and residential properties, all fully let and income producing.
The commercial element for the most part comprise single storey offices with car parking let on Tenancy Agreements, excluded from the Landlord and Tenant Act 1954. Details of these tenancies are set out above.
The residential element comprises an existing detached brick five x bedroom dwelling together with garden area accessed directly from the A25.
In addition there are two single storey bungalows also let on AST Agreements. The current rental income from the residential properties are as follows:
The House – Currently £24,000 per annum
Hoopoe Cottage – £9,600 per annum – monthly rolling agreement
Weaver Cottage – £9,900 per annum – monthly rolling agreement
Planning Consent has been obtained for the conversion and extension by 50% of the existing house into two self contained dwellings (1 x 3 bed & 1 x 4 bed). There may be further residential and/or commercial development opportunities Subject to Planning.
An additional paddock area of approximately 1.6 acres could be available.
A guide price of £1.85 million is being invited for the freehold interest.
We understand VAT is not applicable in this transaction.
Both Parties to be responsible for their own legal costs.
We understand that the existing buildings benefit from connections to all main services (to be confirmed/sceptic tank). Interested Parties are advised to satisfy themselves in that regard.
Copies of floors plans, Title Plans and Decision Notices and other information are available upon request.
All on site viewings are strictly by appointment with Gildersleve & Payne Tel 01883 723888
Contact Nick Payne mobile 07974 715832
Please note the agents have not carried out a survey, have not made planning enquiries nor tested any of the equipment, apparatus, fixtures, fittings, services or land and are therefore not able to verify their condition, or suitability for their purpose
Code of Practice
Applicants should be aware that the code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified Surveyor, Solicitor or Licenced Conveyencer before agreeing or signing a Business Tenancy Agreement. The Code is available through professional institutions and trade associations or through the website www.leasingbusinesspremises.co.uk