Plot for sale

DEVELOPMENT OPPORTUNITY in central Penryn TR10

£395,000

Property Description

Key features

  • Planning permission for Four x 6 Bedroom Student Houses
  • Existing building has been demolished, site prepared
  • Excellent rental return, estimated at 30,000 pounds Sterling per house, per annum at current rates
  • Excellent, 12 month occupancy rates, in advance to to high demand
  • Full planning obtained
  • Planning number PA16/04723 via Cornwall Council
  • Building Regs obtained
  • Previously obtained planning for 12 x 1 bed flats

Full description

Centrally located within a sustainable area close to public transport in the town of Penryn. The Site has full planning permission (PA16/04723) for four x 6 bedroom student houses.

Details of the planning application can be found at: http://www.cornwall.gov.uk/environment-and-planning/planning/online-planning-register/

The Property
The existing building has been demolished by the vendor.The vendor is looking to sell the land with current planning permission for £395,000.

About Penryn
Penryn is a fast growing town and over the last 10 years student accommodation has been in increasingly high demand due to the Penryn Campus, a satellite campus for Falmouth University and the University of Exeter.The Penryn Campus is only a 10 minute walk away from the Site.The vendor has several other student houses nearby and has enjoyed full 12 month occupancy rates for many years in the area (often with houses being reserved several months in advance) and demand is predicted to rise with the forth coming expansion of the Penryn Campus [ subject to planning ].

This is a great opportunity for an investor or builder to start or increase their property portfolio, offering an exceptional return estimated at £30,000 gross per house per annum, at present rentals rates.

Agents Note:In accordance with section 21 of the estate agency act 1979, we are obliged to inform all interested parties that the vendor of this property is a family member of the Director of Lyttons Estate Agents.


More information from this agent

Listing History

Added on Rightmove:
19 July 2017

Nearest stations

  • Penryn (0.3 mi)
  • Penmere (1.6 mi)
  • Falmouth Town (2.2 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Lyttons Estate Agents, West Essex

22 Baldocks Road, Theydon Bois, Epping, CM16 7EB

01992 847056 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.

Floorplans


To view this property or request more details, contact:

Lyttons Estate Agents, West Essex

22 Baldocks Road, Theydon Bois, Epping, CM16 7EB

01992 847056 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

  • Penryn (0.3 mi)
  • Penmere (1.6 mi)
  • Falmouth Town (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lyttons Estate Agents, West Essex

22 Baldocks Road, Theydon Bois, Epping, CM16 7EB

01992 847056 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 7494603. 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 Lyttons Estate Agents, West Essex . 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.