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Land for sale

Station Road , Sturminster Newton

Sold by Us £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:

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

Map & Street View

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