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Land for sale
Oad Street, Sittingbourne, ME9
£1,700,000
Oad Street, Sittingbourne, ME9
£1,700,000
Our Summary
- Woodgate Farm Oast can easily be converted into a six- or seven-bedroom property, with minimal work requiredThe Hop House is currently used for guest accomodation, the versatile property can be let out as a two-bedroom, a five-bedroom or a seven-bedroom holiday letThe 50 square metre office has a private access via the gardenPlease see the floorplans for further informationExternal Details -Parking for up to eight cars at the front of the propertyThe circa one-acre plot is currently divided into three sections at the rearFurther car parking could easily be offered to the side of the propertyThere are a number of outbuildings in the gardenPlease see the floorplans with the plot for further informationFixtures & Fittings -All fixtures and fittings are subject to negotiationDevelopment Opportunity -Woodgate Farm Oast has been designed with further development options in mind The property can be manipulated into different configurations with minimal alternations, please see the attached floorplans representing some of the optionsFinancial - The single holiday let achieves a rental income of over £100,000 The office generates an income of £16,500Where the whole property or indeed both properties used for holiday lets, the total income could comfortably reach over £200,000 Tenure -Nationwide Business Sales are delighted to offer this incredible opportunity to the market at Offers Over £1,700,000There is currently an application with the council for a change of use application The potential GDV of the property converted into dwellings on separate titles is in the region of £3m
Description
Woodgate Oast House is a unique property that offers a range of possibilities, including commercial use, residential dwellings, or a combination of both. The property currently consists of a four-bedroom house, a seven-bedroom guest accommodation, and a self-contained commercial office space. Located in a secluded spot with views of the countryside, it's just a few miles from Sittingbourne, Maidstone, and Canterbury, with easy access to the M2 and the High Speed Rail Network. The property has a large garden and parking for up to eight cars, with additional car parking and outbuildings possible. The current income from the holiday let and office is over £100,000 and £16,500 respectively, and with a change of use application already submitted, the potential for further development and increased income is significant. The property is being offered for sale at Offers Over £1,700,000, with a potential GDV of £3m if converted into dwellings on separate titles.