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Residential Development for sale

55 Russell Street, Kelham Island, Sheffield, S3

Removed 0.2 ac. | £525,000

Property Description

Commercial information

  • 0.2 acres (0.08 hectares)

Key features

  • Full planning consent for studios and apartments
  • Scheme includes 24 car parking spaces
  • Quoting 525,000 excl

Full description

Tenure: Freehold

DEVELOPMENT OPPORTUNITY WITH FULL PLANNING CONSENT

The development site fronts Green Lane, and is adjacent to both Russell Street and Bowling Green Street in the heart of the popular Kelham Island district of Sheffield.

Kelham Island is a designated Conservation Area and is located on the northern fringe of the city centre, alongside the River Don. The area is steeped in heritage and was fundamental to the growth of the city during the 18th & 19th centuries. The architecture reflects this. Many of the original buildings remain, making the area architecturally attractive and appealing to both residents and businesses alike.

The property comprises a cleared, fenced site which has been used as a car park over recent years. Historically the site was occupied by a private manufacturing premises. The site has a gross area of 0.2 acres.

PLANNING
The site has full planning consent for 48 dwellings, granted 18th June 2007. A material start on site has commenced, validating the planning consent. Full details of the planning application can be found at 07/02414/FUL. The planning consent includes:
- 41 studios
- 6 x 1 bed apartments
- 1 x 2 bed apartment
- No affordable housing
- S.106 Contribution of £40,324.50
- 24 car parking spaces


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