Land with Planning to Build 12 Flats for Sale

£1,300,000
Posted by RealEstate on 18/04/2017
Price £1,300,000
Location See on google map
Type of ad Agency Offer
Sq. Footage 7000 sq.ft.
Description
Land with Planning to Build 12 Flats for Sale

Sutton Surrey,

£1.3m

An opportunity to acquire land that benefits from planning permission to build 12 flats that is going to be consisting of 8 x 2beds and 4x 1-beds.

The total square footage of flats internally comes to 9400 sq ft.

The resell values based on the sold immediate neighborhood prices as well as on the market properties and valuations, it is estimated to be in the region of £3.5m

There is currently an old structure where used to be a warehouse and it is needed to be demolished to start the foundation for the new-build structure. The structure for the building to consist f 12 flat it is going to be in total a four-storey. Based on ground floor, first floor, second floor and third floor,

There is no basement with this scheme.

There are 7 car park surface spaces and one disabled parking space so in total 9 parking spaces. However the site is very close by to public transports and all other amenities such as shops, supermarkets, library, banks, bars and restaurants, schools, college, etc.

There are all connection already connected to this site, such as water, gas and electricity and main drainage for sewage.

This site is suitable for builders/developers who have done similar type developments before and are experienced in building flats in terms of four storey building. Also the prospect purchasers will be needed to have their finance and fund in place and ready.

The site will be producing way over 25% return profit after all costs.


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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