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Freehold

£650,000

(£194.15/sq. ft)

Retail premises for sale

272-274 Luton Road, Chatham, Kent ME4
3,348 sq. ft

£650,000

(£194.15/sq. ft)

Retail premises for sale
272-274 Luton Road, Chatham, Kent ME4

    • 3,348 sq. ft

Freehold

About this property

  • Area - Medway

  • Size - 3348 sqft

  • Local Amenities - Pentagon Shopping Centre (0.3 miles), Dockyard (1.5 miles), Rochester Castle (1.6 miles)

  • Property Type - Property with development potential

  • Planning permission was granted for 6 residential units (4 x 1-bed & 2 x 2-bed) plus retail and Sui Generis units (2021)

  • Currently owner-occupied and used as a motorbike dealership with workshop, reception, storage, and WCs

  • Freehold commercial property with development potential

Commercial property with development potential for sale in Chatham, Medway.

An opportunity to acquire a freehold commercial property with planning potential at 272-274 Luton Road, Chatham, Kent ME4 5BU.

The property is owner-occupied and is currently set up and run as a motorbike dealer. The property is comprised of a reception area with a shop floor, and to the rear is a workshop, storage and toilets. On the first and second floors, there is additional commercial space currently used for storage. There is also a basement which is used for storage.

Planning permission was granted in 2021 for the construction of 4 x 1-bed flats, and 2 x 2-bed flats together with a retail unit (Class A1) and a Sui Generis unit for the sale of motorbikes and associated items (Sui Generis) on the ground floor - Demolition of the existing building.

The property will be sold with vacant possession.

Offers are encouraged in excess of £650,000 and viewings are by appointment only.

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