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Residential Development for sale

The Royal George, The Coneries , Loughborough

Under Offer £600,000

Property Description

Key features

  • Excellent location close proximity to Loughborough train station and town centre.
  • Rare to market High yield investment
  • No 106 contributions
  • Full planning granted for 6 Two beds and 23 one beds
  • Would suit experienced developer/investor
  • Potential gross development value in excess of 3 million with potential for further development subject to standard planning approvals.

Full description

RESIDENTIAL DEVELOPMENT IN TOWN CENTRE LOCATION WITH GROUND FLOOR RETAIL UNIT. Fantastic development opportunity with full planning granted for 29 self-contained flats and a large retail unit to the ground floor. See application number for full planning P/15/1769/2This is a very rare offering to the market. Would suit an experienced investor/developer. Viable investment opportunity with potential gross development value in excess of 3 million pounds with potential for further development. A predicted yearly income from the development if fully occupied could be in the region of £200,000. For further information, contact Marco Carrelli Director of Nicholas Bonfield for more information 07590821557The site is situated on the South-west side of Nottingham Road at its junction with Cradock Street in an area of mixed commercial and residential uses lying on the north-east periphery of Loughborough town centre. The predominant building on the site is The Royal George former Public House.The 29 apartments are arranged on four floors and are a combination of one and two bedroom units all floors have lift access. In terms of design and appearance the building has been designed with a pier and panel construction to reflect the design of neighbouring properties. It is proposed to construct the building with a stone finished blockwork on the ground floor and a red brick finish to the upper floors. The roof would be a tiled pitched roof with parapet finish to eaves level.The proposal includes provision for a large ground floor retail/commercial unit to provide for street presence along The Coneries. There is also access from both sides of the building with proposed cycle and parking spaces along with a service yard off Cradock Street.Loughborough is a thriving university town and has a high demand for quality accommodation.With close proximity to Loughborough train station, within 500 yards of town centre, good access to Loughborough University, and offering excellent communications to industry centres within the East Midlands Region.NB: Artist Impression

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Loughborough (0.4 mi)
  • Barrow upon Soar (2.9 mi)
  • Sileby (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Nicholas Bonfield Estate Agents, Loughborough

29 Biggin Street, Loughborough, LE11 1UA

01509 431139 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.

Map & Street View

Nearest stations

  • Loughborough (0.4 mi)
  • Barrow upon Soar (2.9 mi)
  • Sileby (4.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Nicholas Bonfield Estate Agents, Loughborough

29 Biggin Street, Loughborough, LE11 1UA

01509 431139 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 7231184. 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 Nicholas Bonfield Estate Agents, Loughborough. 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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