Roger Hannah has sold a 0.44-acre development plot in the centre of Royal Tunbridge Wells with the potential for the construction of 6 large residential units. Tunbridge Wells is an extremely affluent commuter town in the heart of Kent. The site itself is located on St. John’s Road, close to the centre of town, in a high-value residential area. The area is experiencing high levels of residential development, with the sites opposite and adjacent both being developed for residential purposes.
The Planning and Development Team has been working on behalf of our client, Clear Channel UK, to gain planning permission for the site in order to maximise its value. The site has a number of constraints, such as a badger sett, Japanese knotweed, and challenging topography. In order to reduce these constraints and the uncertainty and risk they produce, a number of surveys were commissioned to mitigate their effects. Planning permission has also been sought for a scheme that maximises the potential of the site in order to achieve the best capital receipt.
Roger Hannah & Co. project managed this scheme and successfully sold the site in December 2016.
This is a process that the Land & Development team is well versed in, and we are always looking for new opportunities in order to maximise the value of sites and support clients’ ambitions. Should these services be of interest, please get in contact with our team.