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Description: An excellent opportunity to aquire land with permission for development. The current price for 1 bedroom apartments is around £70K to £75K, whereas 2 bedroom apartments are going for around £89K in the local area (as per Rightmove and other local estate agents sites). This would give a potential resale value of £1,335K return and there is also additional space available for 2 or 3 small commercial units that may sell for £50K each giving an overall potential of £1,485K for the whole development. I am looking to sell the freehold for £420K plus vat for a quick sale Plot size: 10,000 sq ft Planning permission: Outline planning permission obtained from the council to build 16 apartments (9 x 2 bedroom and 7 x 1 bedroom), each with a car parking space Alternative use for the land could be for retail, care home, Tesco, etc. (stpp) Services: Water, gas, electric Location: The plot is located in Concord, Washington and is ideally situated close to all local amenities |
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