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Land for sale
Land Off George Street And King Street, Barwell
£400,000
Land Off George Street And King Street, Barwell
£400,000
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 in place 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
- Existing planning permission for 14 residential apartments
- Ready for development work to commence immediately
Description
A 0.23-acre development site in Barwell, Leicestershire, is being offered for sale on a freehold basis. 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 will feature a coach-house design with parking and under-croft parking. The site is located in a mixed-use area that is transitioning from commercial to residential, with the village center and nearby town of Hinckley within easy reach. The property is being sold with vacant possession and is seeking offers of £400,000 subject to contract, with the potential for a swift unconditional sale. The estimated gross development value of the completed project is £1,985,000, with an estimated rental value of £138,000 per annum.