Land at Chart Road (A28)/ Carlton Road, Ashford, TN23 3HY

Lot Image

Auction sale - Monday 17th July 2017

Result:

Sold after auction for an undisclosed amount

  • Virtual freehold development opportunity
  • About 1.14 acres (0.46 hectares)
  • Prominent site at a busy road intersection
  • May suit drive-thru or other commercial opportunities (subject to consents)
  • Vacant possession

Details

Location

Summary: A prominent site at the junction Chart Road and Carlton Road located within 1 mile of the M20 (junction 9) and Ashford International railway station
Miles: Maidstone 21 miles, Folkestone 16 miles, Canterbury 15 miles
Roads: A28 (Chart Road), A292, A20, M20 (junction 9)
Rail: Ashford International
Air: London Gatwick (54 miles)

Tenure

Long leasehold for a term of 999 years from 27 September 2010 at a peppercorn rent

Planning

Ashford Borough Council (01233 331111) www.ashford.gov.uk. The site offers development potential for a variety of different uses, subject to obtaining the necessary consents. The seller has had a potential scheme drawn up for a drive-thru restaurant and a further coffee shop/restaurant and interest has been expressed from operators within these sectors (1). Preliminary discussions with the Local Planning Authority have been positive and have indicated a desire to see the site developed. Prospective purchasers are advised to make their own enquiries.

VAT

Refer to the legal documentation

Energy Performance Certificate

No EPC required

Description

An irregular shaped site totalling about 1.14 acres (0.46 hectares) fronting the Chart Road Roundabout. The site commands a prominent position in what is currently a predominantly commercial location. About 0.28 acres adjoining the northern end of the site is in the process of being compulsory purchased by Kent County Council as part of the Chart Road Improvement Scheme scheduled to commence in Spring 2018 and will be excluded from the sale by way of a leaseback of part.

Address Acres Hectares
Land at Chart Road/Carlton Road 1.14 0.46
(1) The site is subject to overage provisions for a period of 25 years to London & Continental Railways. A full breakdown of these provisions is available within the legal pack.
(2) The area of land that is subject to the compulsory purchase is shown edged blue on the site plan. Further information is available within the legal pack.

Contact

Seller's solicitor

RLS Law

Jeff White

020 3603 2667

jeff@rlslaw.co.uk

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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