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Investment Highlights
- Private residential led development opportunity
- Reserved Matters Consent for 135 private residential apartments, c.1,400 sq ft of creative arts studios/ Class E, and 124 car parking spaces
- Site area extends to approximately 0.59 hectares (1.45 acres
Executive Summary
Offers are sought for the freehold interest, subject to contract.
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| Tenure | Freehold | Total Plot Size | 1.45 ac |
| No. Plots | 1 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Tenure | Freehold |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Plot Size | 1.45 ac |
1 Plot Available
Plot
| Total Plot Size | 1.45 ac |
| Total Plot Size | 1.45 ac |
Reserved Matters Consent for 135 private residential apartments, c.1,400 sq ft of creative arts studios/ Class E, and 124 car parking spaces.
Description
The property is accessed from the High Street, Rhode Street and Whittaker Street. It previously comprised the former Trafalgar Centre (formerly in retail use), which has since been demolished, and the operational multi-storey car park. The overall site is considered to be a key development opportunity to assist the regeneration of the town centre, which has experienced significant economic change. The Trafalgar Centre previously fronted the High Street and was formerly an indoor shopping market. The multi-storey car park is accessed via Rhode Street and is a concrete structure arranged over 4 storeys, comprising 220 parking spaces. The total site area extends to approximately 0.59 hectares (1.45 acres). The site is situated within the administrative boundary of Medway Council and is free from Conservation Area designations or statutory and local listings. Outline planning permission (MC/21/3671) was secured in January 2022, followed by Reserved Matters consent (MC/24/1762), permitting a high quality residential led development. The approved scheme provides 135 private residential apartments across three blocks, alongside approximately 1,400 sq ft of creative arts studios (Class E). Additional provisions include landscaped public spaces, cycle storage, dedicated residential storage, and refuse facilities. There is no affordable housing provision within the S106 Agreement.
Presented by
Rhode St - (Former NCP Car Park)
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