Land with Planning to Build 10 flats

£1,000,000
Posted by RealEstate on 21/04/2017
Price £1,000,000
Location See on google map
Type of ad Agency Offer
Sq. Footage 8000 sq.ft.
Description
South Croydon

£1m

This is a site that is benefiting from granted planning permission to construct 10 apartments consisting of 6 x 2-beds and 4x 1-beds.

The total square footage internally for 10 flats is going to be 6920 sq ft in total.

The site benefits from full granted planning permission to build 10 apartments. Currently there is a structure on the site that is needed to be demolished of which will be very easy to do. The roof has been already been removed and it is now some brick walls that is needed to be removed.

In general the land is a flat site and will be easy to build. In total there is going to be three storey building, ground, first and second floor. There are going to be 9 parking spaces which is also the surface space. Therefore there is no basement in this project involved. And every thing is starting from the ground floor level including the surface parking spaces.

The resell values based on the sold prices and comparables on the market as well as agents valuation could reach in the region of £3.4m however we are basing our valuation selling prices after all costs to produce £3m net

Therefore the purchase price is going to be £1m and the build cost is also going to be in the region of £1m and resell value of £3m.

This is a very good deal as the scheme is a very good scheme and all flats comes with parking spaces as well as benefiting from planning permission and producing good profit.

This suitable for developers/builders who have experience in having done new-build before and also have finance and fund ready for this purchase. The time schedule for exchange of contracts and completion on this site is 4 weeks.

Freehold

For more information on this development land and other building sites/land and development projects and opportunities for all different budget and prices contact: 07761-194240

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