Dane Valley Road, Margate, CT9
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Guide price £500,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
- Prominent Residential Development Opportunity
- Planning Permission for 17 Houses Apartments
- Site Area: approximately 0.181 ha | 0.448 acres
Material Information
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page
Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :
Size The size of a property or land refers to its physical extent or area. Read our glossary page
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Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page
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Prominent Residential Development Opportunity – Freehold For Sale. Planning Permission for Seventeen 1,2,3 and 4 Bedroom Houses and Apartments and a Micro Pub.
The property comprises a cleared and predominantly level development site extending to approximately 0.181 ha / 0.448 acres with detailed planning permission for seventeen 1, 2, 3 and 4 bedroom houses and apartments, together with a micro pub (recognising its previous use). The planning reference number is F/TH/17/1407, details of which can be viewed at https://planning.thanet.gov.uk/online-applications.
The site is located in an established residential area approximately 1.6 miles from the town centre. Margate is a popular seaside resort with its full complement of retail, leisure and social amenities as well as direct mainline rail connections into Central London (Victoria and St Pancras), Ebbsfleet International and the channel ports.
Planning
Planning Permission was granted in September 2019 for the development of 17 units. The planning permission was granted subject to a Section S106 Agreement requiring the payment of certain financial contributions totalling £27,481.27 together with an on-site affordable housing provision of 6 units.
The permission (subject to conditions) permits the erection of two, three and four storey buildings containing 5 x one bedroom flats, 5 x two bedroom flats, 5 x three bedroom houses, 2 x four bedroom houses with associated parking, bin and cycle storage, together with a micro pub on the ground floor. We believe that there maybe some opportunity to vary the current permission in terms of unit numbers, tenure and mix (subject to obtaining the necessary consents) but purchasers should make their own enquires in this regard.
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