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Residential Development for sale

Lighthouse Hill, Portreath, Redruth

Offers in Excess of £400,000

Property Description

Full description

**** FANTASTIC NEW PRICE **** FULL PLANNING PERMISSION APPROVED to replace the existing substandard dwelling with two detached 3 storey properties of approx 200 sq m each. Situated on the sunny side of the valley enjoying sunshine all day & overlooking the beach with breathtaking panoramic views.

BUNGALOW FOR DEMOLITION * FULL PLANNING PERMISSION GRANTED - PLANNING APPLICATION REFERENCE PA17/04195 * REPLACE EXISTING DWELLING AND ONE EXTRA DWELLING * PLANS AVAILABLE IN OUR PERRANPORTH OFFICE OR ON LINE * FANTASTIC POTENTIAL FOR RETURN ON INVESTMENT

OCCUPYING A SUNNY SOUTH WEST FACING PLOT OVERLOOKING THE BEACH AT PORTREATH.

PLANS / DRAWINGS CAN BE VIEWED IN OUR PERRANPORTH OFFICE OR ONLINE AT http://www.cornwall.gov.uk/environment-and-planning/planning/online-planning-register/ USING POST-CODE TR16 4LJ OR REFERENCE PA17/04195

On the site of Capery Corner on Lighthouse Hill, full planning permission (with conditions) has been approved for the demolition of the existing sub-standard dwelling to be replaced with two modern detached dwellings each offering an area of approximately 200sq m (approx. 2,152 sq ft).

With similar modern, new build properties of this size and location achieving selling prices in excess of £650,000 (properties on Rightmove as at AUG 2017) and with an estimate build cost of £450,000 this development opportunity looks to return a developer in the region of £450,000 profit (35% return on investment).

This property is situated in a superior location in a south west facing position overlooking the beach. It enjoys sunshine all day - so owners of the new properties will be able to sit out all day on their verandas and balconies enjoying breakfast, lunch and supper in the sunshine.

Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.


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