The property comprises a 0.18 acre site in central Canterbury surrounded by mesh fencing, with some metal palisade fencing at the rear of the site. It is currently set to the former ATC centre, a 2,500 sq ft training centre with a hard-surfaced car parking area with space for 7 vehicles, though part of the site is also grass / vegetation. The proposed plans are for the erection of a two and a half storey building comprising 45 no. 1 bed student units including use of roof space as living accommodation with associated access, parking, landscaping and welfare facilities following the demolition of existing building. If this scheme was to be executed, the estimated net income is £310,000 per annum The existing property is of poor quality, being a single storey former training centre with brick elevations under pitched metal roofs. The property is situated on the north side of Cossington Road in Canterbury, with easy access to the amenities of the city centre which are within walking distance. Auctioneers Note The deposit for exchange of contracts on this property is 5% subject to a minimum of £5,000. The completion period for this property is 56 days. Starting Bid and Reserve Price *The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that’s Lots may be withdrawn prior to the end of auction. Disclaimer These particulars, whilst believed to be accurate based on information from the seller and photographic evidence, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. We have not physically inspected the property, therefore intending purchasers should not solely rely on these details as statements of fact, but must satisfy themselves by personal inspection or other means to verify the information provided. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. If the property is occupied during the auction but to be sold with vacant possession, we take no responsibility if the property is not vacated on or before completion.