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Property FEATURES

• Land Available
• Development Potential
• Further Details available

Property DESCRIPTION

The land is situated in a central and prominent position within the Mountfield Ind Estate, approximately quarter mile east of New Romney Town Centre in Kent. Located in the popular Cinque port town of New Romney which offers a broad selection of independent shops, a wide variety of restaurants, and a supermarket. There are two surgeries and dentists in addition there are two chemists. Also close by is the famous Romney Hythe and Dymchurch steam railway. The popular town of Hythe is less than 10 miles away and offers a wider range of independent shopping facilities and amenities.

The nearest major towns are Ashford 15 miles to the north and Folkestone 15 miles to the north east. Ashford connects the M20 and national motorway network at Junction 10 and Ashford International train station runs a high speed rail service to London St Pancras within 38 minutes. Folkestone also connects the M20 and has the Channel Tunnel Terminal.

In 2018, Folkestone & Hythe District Council and the Nuclear De-commissioning Authority (NDA) co-funded a masterplan to bring forward the remaining six hectares of council-owned employment land at Mountfield Road Industrial Estate, New Romney with the aim of creating new jobs and diversifying the local economy to mitigate the loss of some 1000 jobs from the current and proposed closure of the Dungeness Power Stations. The masterplan provided options for bringing forward the land, including the development of a business hub to initiate the scheme. Since then, stage 1 of the project, comprising the construction of the Romney Marsh Business Hub, has commenced following the Council entering into a joint venture with EKSDC to bring this forward with completion in early 2022.

Following the award of a £3.5 million Getting Building Fund grant in summer 2020, stage 2 of the development has progressed. The construction of a new roadway and provision of infrastructure on the remaining 10.7 acres of land has recently commenced and has a scheduled completion by April 2024.

The government announced a £900 million Getting Building Fund to deliver jobs, skills and infrastructure across the country with £3.5 million granted for this project. This investment is being targeted in areas facing the biggest economic challenges as a result of the pandemic. It is supporting the delivery of shovel-ready infrastructure projects, agreed with mayors and Local Enterprise Partnerships to boost economic growth, and fuel local recovery and jobs with 480 jobs to be created over the next 10 years.

Due to this fund, all offers will need to specify the following details:

o Purchase price;
o Payment profiles and proof of funding;
o Confirmation of any conditions with regard to the offer
o Timescales for exchange and completion, and solicitor details;
o Details of track record and any nearby land interests.
o Details of business including number of employees and employment projection

Whilst all bids will be considered on their merits, maximising land value and limiting conditionality will be critical factors. Payment profiles must be clearly outlined as part of any offer. Shortlisted applicants could also be invited to interview before preferred parties are selected if required.

For Sale at a price of £215,000 plus VAT Offers will be subject to planning permission.

Each party to be responsible for their own legal costs. For further information, please contact Motis Estates Commercial Chartered Surveyors on 01303 212020.

VACANT POSSESSION UPON COMPLETION

SUBJECT TO CONTRACT

This firm operates a Complaints Handling Procedure, details of which are available upon request

IMPORTANT NOTICE FROM MOTIS ESTATES

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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