Our 'Property Highlight' series continues with this interesting residential-led mixed-use development opportunity in Sittingbourne, Kent.
The development site lies in The Square, in a popular residential area of Sittingbourne, Kent, and houses an attractive and prominent former public house building, which will be retained in the proposed development project.
Planning permission has been granted for a total of 28 residential units on the site, which includes the conversion and extension of the existing building to form 5x two-bedroom apartments, 14x one-bedroom apartments and 1x studio apartment, as well as a newbuild block to the rear comprising a further 7x two-bedroom apartments and a one-bedroom apartment.
The consent also includes a flexible retail space on the ground floor (A1, A3 or A4) which is already sold on a long lease. There is appropriate parking for all units as well as landscaped communal space. Full details can be found using planning reference 20/503636/FULL.
Sittingbourne boasts a wide variety of shops, restaurants and amenities, as well as primary and secondary schools. It is well connected to the national motorway network, and is easily commutable to London with a frequent high-speed train service of just over an hour's journey into Victoria. This, together with the strong rental market in the area makes this an opportunity worthy of very careful consideration.
The case details
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Financial details
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Agents figures
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Market data
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Investment details
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Development
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By the team at Navian, Published July 19, 2023
