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Land for sale
Frindsbury Road, Rochester, Kent, ME2
£400,000
Frindsbury Road, Rochester, Kent, ME2
£400,000
Our Summary
- Land opportunity with planning permission^ situated in a popular central Strood location
- A great chance for a developer to continue the build of 6 new build apartments
- Planning permission has been granted to build a mix of x5 one bedroom and x1 two bedroom units with an estimated gross development value circa £1
- Planning information available from the Medway Council portal reference MC/20/1318 Link: ^Agents Note - buyers should be advised that the current planning permission was granted on the 24th August 2020
- LAND WITH PLANNING FOR 6 FLATS
Description
This is a land opportunity in a central Strood location with planning permission to build six new apartments, comprising five one-bedroom and one two-bedroom units. The development has an estimated gross development value of £1.4 million and is situated close to the town center, train station, and major road networks, making it an attractive location for potential buyers and renters. With an estimated gross yield of up to 5.3%, this development has strong potential for investors. The planning permission was granted in August 2020, and initial demolition works have started, but further permissions will be required before building commences.