Two adjoining plots with a total approximate site area of 2.17 hectares (5.37 acres)
Outline planning permission granted for B1, B2 or B8 (subject to conditions)
Forms part of 60 acre development opportunity (subject to consents)
Situated 2.5 miles from junction 11 M20
Adjacent to the established Lympne Industrial Park
Lot 57
Auction 28th March 2018
Vacant Possession
Status Sold Prior
Price
Sector Development
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of a Global Investment Manager
Property Information
Location
Miles
8 miles west of Folkestone, 9 miles south-east of Ashford, 7 miles south-west of the Channel Tunnel
Roads
M20 Motorway (Junction 11)
Air
London Gatwick Airport
Situation
The plots are located in a strategic business and distribution location providing excellent access to the motorway network, Channel Tunnel and ports. The location is 2.5 miles from the M20 (Junction 11), between Ashford and Folkestone. The plot sits as part of a 60 acre scheme which has outline planning for a business park (see planning section), with phase 1 (Ridge Point) works already commenced. Ridge Point is proposed to provide three industrial terraces comprising 42,365 sq ft of warehouse accommodation. Adjacent is the established Lympne Industrial Park, which houses occupiers including Norish Food Care, Seven Seas Worldwide and Laser Transport. Shepway District Council is currrently in the process of submitting a planning application for Otterpool Park Garden Town which is a proposed garden town to be located south-west of Junction 11 of the M20 Motorway. For further information please see www.otterpoolpark.org.
Tenure
Freehold.
Location
Miles
8 miles west of Folkestone, 9 miles south-east of Ashford, 7 miles south-west of the Channel Tunnel
Roads
M20 Motorway (Junction 11)
Air
London Gatwick Airport
Situation
The plots are located in a strategic business and distribution location providing excellent access to the motorway network, Channel Tunnel and ports. The location is 2.5 miles from the M20 (Junction 11), between Ashford and Folkestone. The plot sits as part of a 60 acre scheme which has outline planning for a business park (see planning section), with phase 1 (Ridge Point) works already commenced. Ridge Point is proposed to provide three industrial terraces comprising 42,365 sq ft of warehouse accommodation. Adjacent is the established Lympne Industrial Park, which houses occupiers including Norish Food Care, Seven Seas Worldwide and Laser Transport. Shepway District Council is currrently in the process of submitting a planning application for Otterpool Park Garden Town which is a proposed garden town to be located south-west of Junction 11 of the M20 Motorway. For further information please see www.otterpoolpark.org.
Tenure
Freehold.
Description
Plots 20 and 30 comprise two regular shaped sites. The access road (which is adopted), together with the services, has been completed to the edge of each plot and landscape strips planted.
VAT
VAT is applicable to this lot.
Planning
Plots 20, 30, 40, 50, 60 and 70 Enterprise Way, Link Park, Lympne
REF: Y09/0145/SH - Outline permission granted with conditions for Land Adjoining Enterprise Way, Enterprise Way, Link Park, Lympne, Kent for the erection of up to 30,668 sq m of employment development (Classes B1, B2 and B8), together with internal access (off recently constructed and adopted spine road) with parking, servicing and structural landscaping and being accompanied by an Environmental Statement.
For further information please visit: http://searchplanapps.shepway.gov.uk/onlineapplications/ applicationDetails.do?keyVal=OKNGMWNZ05J00&activeTab=summary.
REF: Y17/0105/SH Extension to time limit of planning permission - Granted with conditions
Viewings
There is security fencing preventing access. If you would like to inspect, please contact Georgina Roberts (georgina.roberts@acuitus.co.uk).
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Plots 20 and 30 comprise two regular shaped sites. The access road (which is adopted), together with the services, has been completed to the edge of each plot and landscape strips planted.
VAT
VAT is applicable to this lot.
Planning
Plots 20, 30, 40, 50, 60 and 70 Enterprise Way, Link Park, Lympne
REF: Y09/0145/SH - Outline permission granted with conditions for Land Adjoining Enterprise Way, Enterprise Way, Link Park, Lympne, Kent for the erection of up to 30,668 sq m of employment development (Classes B1, B2 and B8), together with internal access (off recently constructed and adopted spine road) with parking, servicing and structural landscaping and being accompanied by an Environmental Statement.
For further information please visit: http://searchplanapps.shepway.gov.uk/onlineapplications/ applicationDetails.do?keyVal=OKNGMWNZ05J00&activeTab=summary.
REF: Y17/0105/SH Extension to time limit of planning permission - Granted with conditions
Viewings
There is security fencing preventing access. If you would like to inspect, please contact Georgina Roberts (georgina.roberts@acuitus.co.uk).
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Approximate Site Area
Possession
Plot 20
2.24 acres
0.906 hectares
VACANT POSSESSION (With Outline Planning Consent)
Plot 30
3.13 acres
1.266 hectares
VACANT POSSESSION (With Outline Planning Consent)
Total
5.37 acres
2.17 hectares
Contacts
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 The Avenue Manchester M3 3AP
