70-72 and 74-76 High Street, Strood, Rochester, Kent

An exciting freehold development and investment opportunity comprising 70–72 & 74–76 High Street, Strood, currently arranged as two commercial units and offered with vacant possession. The property is sold with the benefit of planning permission under reference MC/22/0108 for the construction of two additional floor levels above the existing single-storey building to provide eight self-contained residential flats, incorporating rear balconies and roof lights. The approved scheme also provides for alterations at ground-floor level to create two Class E commercial units with new shop fronts, offering a mixed-use development opportunity within an established High Street location. The property represents an attractive opportunity for developers and investors to acquire a vacant commercial asset with the benefit of an existing residential-led development consent. Please note the following points: The existing Planning Permission has not lapsed and remains valid. Subject to approval and accepted by planning / building control, by submitting a Section 73 application, there is a potential opportunity to increase the number of bedrooms within four of the approved flats. This would change the approved mix from 8 x 1-bedroom flats to 4 x 2-bedroom flats and 4 x 1-bedroom flats. Due to the recent fire, one of the commercial units is currently not habitable/usable. Prospective purchasers should refer to the planning documentation and legal pack for full details of the approved scheme, conditions and associated consents.