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Land for sale

High Street, Swanage

Offers in Region of £485,000

Property Description

Full description

Investment/Development opportunity situated in the heart of Swanage town centre, within walking distance of the beach.

 

Planning Permission has been granted for 7 x flats, 2 x shops and basement car showroom. (5 x 1 Bed, 1 x 2 bed and 1 x 3 bed maisonette) Basement Car Showroom/Car park (I am advised that a local shop owner would take 3 x spaces at £25,000.00 each (I am advised that the Basement showroom could make 9 x parking spaces in total), two shops. Unit sizes: Flat 1, size: 667.36 sq ft (62 sq mt). Flat 2 387.50 sq ft (36 sq mt), Flat 3, size: 355.21 sq ft (33 sq mt), Flat 4, size: 279.86 sq ft (26 sq mt), Flat 5, size: 355.21 sq ft (33 sq mt), Flat 6, size: 279.86 sq ft (26 sq mt) & Flat 7, size: 635.07 sq ft (59 sq mt). Shops, Shop 1 is estimated at 258.33 sq ft (24 sq mt) and Shop 2 is 365.97 sq ft (34 sq mt) and a Car Showroom/Park of 1,829.86 sq ft (170 sq mt). Cil payment of £22,143.46 to be paid by the purchaser. Plans shown on these particulars have been slightly adjusted from the original granted scheme, the revised plans shown have been submitted as a non-material amendment. A flood risk assessment has been done as part of the planning application. I am advised by the vendor that he has commenced work on the site and any prospective purchaser wishing to take over the ownership would need to continue with the current development contractor, the price may vary in consideration of monies already spent to-date. The original build quote was £750,000.00. I am advised that the two shops will achieve a total of £28,800 p.a. gross. The GDV for the flats is estimated at £1,100,000.00. The 2 x shops and the basement show room have a value of approximately £300,000.00. Combined GDV £1,400,000.00. For further details, please contact Andrew Hooper on 01202 779911. More development land and investments available on our web site: www.churchfield.uk.com

 

Please note: Development or Investment site (s), bought through Churchfield the purchaser is required to retain us at the rate of 1.5% (minimum fee of £2,000) plus Vat at the prevailing rate. For any Land, Development or Investments acquired, Churchfield must be instructed to re-sell the finished units at 1.5% + vat or re-let at 8% + vat (fully managed) the acquired property or the developed properties on a sole agency basis within three years of completion. If Churchfield are not instructed and the acquisition is sold or Let by the purchaser/s within this period, an additional fee of 1.5% + vat (minimum fee £2,000 + vat) of the original purchase price will be chargeable to the purchaser in addition to any other costs or charges agreed. Once the three year period after completion of the purchase has expired, the purchaser is free to offer the acquisition to any third party with Churchfield having no financial interest.

 

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Listing History

Added on Rightmove:
02 June 2016

Nearest station

  • Poole (7.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Churchfield Estate Agents, Bournemouth

122 Charminster Road, Bournemouth, BH8 8UT

03339 873377 Local call rate

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Nearest station

  • Poole (7.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Churchfield Estate Agents, Bournemouth

122 Charminster Road, Bournemouth, BH8 8UT

03339 873377 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 0360. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Churchfield Estate Agents, Bournemouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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