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Land for sale
Land Off George Street And King Street, Barwell
£350,000
Land Off George Street And King Street, Barwell
£350,000
Our Summary
- 23 acre development site with planning permission for 14 residential apartments
- • Seeking offers of £400,000 subject to contract • Available on the basis of a swift unconditional sale• Planning permission granted for new build development of 14, 1 and 2 bed apartments
- Planning reference number 20/00504/FUL
- The planning application under planning reference 20/00504/FUL to create a part two, part three storey development
- The proposal is for a coach-house design with parking, with under-croft parking to the ground floor level and the apartments above, although two of the spaces will be provided externally at the eastern end of the developmentThe site has planning permission for 14 new build residential apartments
- Planning reference number 20/00504/FUL from Hinkley and Bosworth Borough Council
- Planning permission granted in 2021 for 14 residential apartments
Description
A 0.23-acre development site in Barwell, Leicestershire, is available for sale on a freehold basis for £400,000, subject to contract. The site has planning permission for the construction of 14 residential apartments, comprising 10 one-bedroom and four two-bedroom units, including two duplex apartments. The proposed development is designed as a coach-house style building with parking, with two external parking spaces at the eastern end. The site has a gross development value of £1,985,000 and an estimated rental value of £138,000 per annum. The property is being sold with vacant possession and is available for a swift unconditional sale. The location is in a mixed-use area that is transitioning from commercial to residential, with nearby towns including Hinckley and Leicester.