St. Peters Crescent, Selsey, Chichester, West Sussex, PO20

A former care home with planning permission to convert and provide additions to create 20 dwelling units, comprising,

18 x 2 bed apartments (11408sqft)
2 x 1 bed apartments (1123sqft)
2 x 2 bed houses (1572sqft)

The building sits on an overall plot size of 0.8 of an acre, with direct access via St.Peters Cresent, just 1 mile from the seafront/beaches of Selsey and just a 5 minute walk to the high street with all required amenities.

Existing GIA and Proposed GIA showing the areas of demolition plus the areas of new-build, can be viewed within our data-room along with quotes for demolition and timberframe supply.

Full application can be viewed by visiting the planning portal at Chichester District Council with ref 25/00142/FUL.

LA Contributions as follows (please ensure to make your own checks to confirm the numbers we have been provided with)
CIL £267k
S106 £107k for A27
S106 £19k for SPA
BNG £36k

Affordable Overview - Offsite contribution has been agreed at £21k

Existing Build Area - 15597sqft / 1449sqm
Proposed Build Area - 16340 sqft / 1518sqm

This development site offers a great opportunity for those developers wishing to build and re-sell or those wishing to retain for rental yields (at circa £280,000 per annum). The location and build type would also suit AirBnB or holiday accomodation.

Option to purchase the LTD company which owns the building, if required.

Re-Sales Guidance.
3 independant re-sales GDVs have been provided from both local and national estate agents, guiding the overall GDV between £5m - £5.25m - these can be viewed in the data-room - along with rental guidance.

A full marketing pack with access to our data-room providing all available plans, images/video footage, documents, accomodation schedule etc, plus local agents sales and rental guidance, can be made available on request by contacting Seymours Land team.

Offers are invited for consideration in writing via Seymours Land, prior to the offer closing date of 17th October. Please make contact to request Offer Pro-forma or to discuss any further details.