This site does not benefit form planning permission and is currently in for planning permission with the LA. The site is surrounded by other housing developments both private and LA.
It has had lots of interest to acquire and whilst we did not initially secure this at the outset via unconditional offers, the successful bidder tried to negotiate on the deal post submission and delay pending their planning application – so the agents offer this to us based upon our communication and professional in dealings with them on this and other potential deals.
Our fallback position for this site is conservative and full planning has been submitted - completion was delayed due to covid and continued use by the ambulance service which has given us a fortuitous planning window.
The fallback position for the project is for 4 pairs of semi-detached units each being 100sm per unit – total GIA build area 800sm. A gated development site and maximised design and layout will compliment this development.
TOTAL GDV : £2,080,000
TOTAL BUILD COST : £975,000
LAND : £363,000
PROFIT : £742,000
Contact Andrew Carter today to find out more: