Whilst our reputation as the South East's leading development agent is based largely on our success in the London boroughs, we regularly sell sites further afield.
We approached the owner of a redundant industrial site in the popular seaside town of Whitstable earlier this year. The site had full planning permission for a smart scheme comprising 10 modern three bedroom townhouses. Although the consent was clean and tidy, the same couldn't be said for the land, and its decontamination was causing the owner concerns. Our advice was to undertake the demolition of the old industrial buildings and decontaminate the site before seeking a sale in the open market.
The site, however, had been inherited, and its new owner had neither the funds, nor expertise to act on our advice. Our solution was to introduce an experienced developer that would buy the site warts and all, and undertake the clean-up exercise post-completion.
A deal was duly agreed with Maidstone-based Baxter Homes, and a prompt completion ultimately proved to the benefit of all parties. We'd always prefer to act for a seller, but have retained clients keen to buy land wherever that isn't possible.
We're on the lookout for further development opportunities in key towns across Kent, so if you have a property to sell please contact us on 020 8315 5454.
PROJECT ADDRESS: Millfield Works, Belmont Road, Whitstable CT5
CLIENT: Private Client
PROJECT DATE: May 2018
PROJECT VALUE: £1,300,000