PROPERTY DESCRIPTION & CURRENT CONDITION IMAGES
First Floor, 53-54 Swanley Centre, Swanley, Kent, BR8 7TQ
Vacant- First Floor Office Space with Planning Permission
Leasehold - Held on a lease for a term of 125 years from 25.02.2025 with a peppercorn ground rent.
Key Features
- Planning Permission Granted for Conversion into Two x 1 Bedroom Flats (C3 Use)
- Swanley Rail Station is within walking distance
- Swanley Park is nearby
- Local shops and amenities are available within Swanley town centre
- Swanley Rail Station is approximately 0.4 miles away, offering direct services to London's Victoria and London Bridge stations
- The A20 is easily accessible, providing a connection to the M25 and M20 motorways
Swanley Video Tour
PROPOSED & EXISTING DRAWINGS
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PROPOSED & EXISTING PLANS
PROPOSED & EXISTING ELEVATIONS
| Proposed Elevations - Landing & Stairs (External Alteration Works)-200819(PL)44 | Existing Elevations - 200819(PL)42- |
SURVEYS & REPORTS
Acquisition Cost
| Purchase Price | £135,000 |
| Stamp Duty | £6,750 |
| Agent's Fee (1.5%+vat ) | £2,000 |
| Legal & Misc | £2,000 |
| Total Acquisition Cost | £145,750 |
Cash Invested
| Acquisition Costs at Purchase | £145,750 |
| Professionals / B.R / Structural / Interior design etc | £9,250 |
| Development Loan: Legal + QS + MS | £5,000 |
| Total | £160,000 |
Profit
| Profit (Estimated) | ||
| GDV (Sale Price) | £450,000 | |
| Interest on £150k development loan for 12m | £21,000 | |
| Sales Agent + Legal (2%) | £9,000 | |
| Acquisition costs | £145,750 | |
| Development Costs | £140,000 | |
| Total Costs: | £315,250 | |
| Profit | £134,250 | |
Return on Investment
| ROI (Estimated) | |
| Cash Invested | £160,000 |
| Profit Earned | £134,250 |
| Profit for JV Partner @ £80k investment | £33,565 |
| Total ROI | 84% |
| ROI for JV Partner @ £80k investment | 42% |
Gross development Valuation / APPRAISAL
| Units Type (Flats) | Number of Units |
| One Bed (1person) | 2 |
| Total Units | 2 |
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| Gross Development Value (Collective) | |||||
| Units | Level | Description | NIA m2 | NIA Sqf | Value |
| First | One Bed (1person) | 44.0 | 473.61 | £231,000 | |
| First | One Bed (1person) | 41.7 | 448.85 | £219,000 | |
| First | Communal Area | 7.0 | 75.25 | ||
| Ground | Landing & Stairs Communal | 20.0 | 215 | ||
| Subtotal | 114.7 | 1231 | |||
| Total | Saleable area @ £5,250 /m2 | 85.7 | 922.46 | £450,000 | |
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| Gross Rental Value (Collective) | ||||
| Units | Level | Description | sqm | Value |
| First | One Bed (1person) | 44.0 | £18,600 | |
| First | One Bed (1person) | 41.7 | £17,400 | |
| Total: | @ 8.0% Yield | £36,000 | ||
DEVELOPMENT Costs (Estimates)
| Item | Description | Amount £ | Total |
| Legals | £3,000 | ||
| Professionals / Architect | 10% of Construction Cost | £13,000 | |
| Conversion | 92.7 m2 @ £1,400 | £130,000 | |
| Insurances | 0.5% of Construction costs | £3,000 | |
| CIL | £0 | ||
| Contingency | 10% of Construction Cost | £13,000 | |
| Subtotal | £162,000 | ||
| Finance Cost | 15% @ 1% per month for £150k | £24,300 | |
| Total | £186,300 |
Development Plan & Progress
Legals
PLANNING CONDITIONS
| No. | Summary | Specialist Consultant | Fee | Status | ||||
| 1. | Permission expires on 9 june 2026 | CBC - Complete Building Control | TBA | Notice to be served to council | ||||
| 2. |
The development hereby permitted shall be carried out in accordance with the following approved plans and details:
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| 3. |
Notwithstanding the Noise Impact Assessment submitted, no development shall take place until a scheme for protecting the proposed dwelling(s) from noise has been submitted to and approved in writing by the local planning authority. The development shall be carried out in accordance with the approved details before any permitted dwelling is occupied unless an alternative period is first agreed in writing by the local planning authority. To ensure the occupiers of the development are not unduly affected by noise disturbance in accordance with Policy EN2 of the Sevenoaks Allocations and Development Management Plan. |
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| 4. | Following implementation of the recommended noise mitigation measures and prior to first occupation of any of the dwellings, a verification report to include sound testing shall be submitted for approval to the local planning authority to demonstrate that the internal amenity area noise levels as detailed in the report prepared by ACA acoustics (Report Reference: 221203-R001A) have been satisfactorily achieved. To ensure the occupiers of the development are not unduly affected by noise disturbance in accordance with Policy EN2 of the Sevenoaks Allocations and Development Management Plan. |
Disclaimer
Valuations & Appraisals by Sleek are strictly estimates only and you should use them on that basis. The valuation Model analyses prices for equivalent properties sold or sold in the area. These properties may differ in ways that we do not or cannot consider. Valuations are subjective and based on market forces, which may change. Valuations must not be used for property sale, purchase, mortgage or related purposes. You should seek a professional valuation from a qualified surveyor before deciding whether to buy or sell a property. We shall not be liable for any losses you or anyone else suffer due to relying on the valuations. This includes not being liable for any loss of property, loss of bargain, loss of capital through over-payment or under-sale or for any indirect, special or consequential loss.