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Land for sale

Station Road , Sturminster Newton

Offers in Region of £1,250,000

Property Description

Full description

Tenure: Freehold

Development opportunity available for sale with planning granted for 28 x flats and 3 x commercial units (Potential to re-plan the commercial into further flats stpp).


This proposed new development is adjacent to an existing (new build) commercial building. Flat sizes: 1 beds (11 x) 450 sq ft (41.81 sq mt) - 537 sq ft (49.89 sq mt) 2 beds (14 x) 525 sq ft (48.77 sq mt) - 880 sq ft (81.75 sq mt) 3 beds (3 x) 1000 sq ft (92.90 sq mt). The flats have an approximate value of between £100 - £172,500.00. Commercial units: Unit 1 & 2, 597.40 sq ft (55.50 sq mt) - Unit 3, 584.48 sq ft (54.30 sq mt) estimated rental value £8,000.00 p.a. gross. The Commercial units have an approximate value of £110,000.00 each. The proposed new development varies between three and four stories high and has a car park & token communal gardens. The Gdv for the flats is approximately £3,502,500.00. The Gdv for the commercial is approximately £330,000.00. Combined GDV £3,832,500.00. The site is majority clear. Site area approximately (not available). North Dorset Planning. I am advised that no CIL payment has been introduced by North Dorset District Council at this time. Planning is established. Section 106 contributions of £33,063.00 to be paid by the purchaser. Affordable Housing, a minimum of 4 x units and a maximum of 6 x units. No known onerous covenants. The site is situated in the town center (Site recognized as part of the council neighborhood plan) and only a short stroll to public transport and shops. 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 1.8% (minimum fee of £2,400) including Vat at the prevailing rate. For any Land, Development or Investments acquired, Churchfield must be instructed to re-sell the finished units at 1.8% including vat or re-let at 9.6% including 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 1.8% including vat (minimum fee £2,400 including 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.


Churchfield Offer a FREE Selling Service to Vendors of Land and Investments


Listing History

Added on Rightmove:
09 August 2016

Nearest station

  • Templecombe (7.1 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

  • Templecombe (7.1 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 0657. 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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