Land Off George Street And King Street, Barwell
- PROPERTY TYPE
Land
- SIZE
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Key features
- Sold with Vacant Posession
- Existing planning permission for 14 residential apartments
- Strong rental market with ERV of £138,000 per annum
- Ready for development work to commence immediately
Description
Sale Considerations - • For Sale on a Freehold basis.
• 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.
• Gross Development Value of end development estimated at £1,985,000
• The completed development has an Estimated Rental Value of £138,000 per
annum
• The site extends to 0.23 acres
• Sold with Vacant Possession
Description - The Property now comprises a cleared and vacant site with the boundary walls which fronted King Street, George Street and part of Arthur Street having been demolished. The Property occupies the majority of the island site bounded by the aforementioned streets. Vehicular access to the Property is from an existing vehicular access on King Street. The planning application under planning reference 20/00504/FUL to create a part two, part three storey development. The proposed development is to be 10, one bedroom apartments including one duplex apartment and four two bedroom apartments, again including one duplex apartment. 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 development
The site has planning permission for 14 new build residential apartments. Planning reference number 20/00504/FUL from Hinkley and Bosworth Borough Council.
Each party is to be responsible for their own legal costs incurred in the transaction.
Location - The Property is located in Barwell. Barwell is a civil parish and large village in Leicestershire. Barwell neighbours Earl Shilton and is located 2.5 miles northeast of the centre of the larger town of Hinckley and some 11 miles southwest from the city of Leicester. The Property is located in a mixed use area, which was formerly more commercial but over time through gentrification is becoming more residential in nature.
Brochures
Land Off George Street And King Street, BarwellLand Off George Street And King Street, Barwell
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hinckley Station2.6 miles
About the agent
Pantera Property, Harrogate
Harrogate
Pantera Property are chartered surveyors specialising in property asset valuations, surveyors and estate agency sales. As a niche practice Pantera Property has a committed team that are knowledgeable in satisfying the requirements and demands of clients nationwide property assets. Pantera Property is regulated by the Royal Institution of Chartered Surveyors and report advice in a recognised and respected format which is compliant with International Valuation Standards. Pantera Property offer
Notes
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