A rare opportunity to acquire an excellent site with full planning permission for 2 x ground floor retail units and 4 x apartments plus the option to additionally purchase a further section to the rear with planning approval for a 3 storey townhouse. The site is located in a prominent position with sea views overlooking the harbour and marina.
The planning approval was granted on the 28th March 2011 under application no. E/2009/0121/F for a mixed-use scheme comprising two retail units and four apartments (1 x one bed and 3 x two beds). The additional section is passed for a 3 storey 4 bedroom townhouse.
We have been advised by the vendor that a material start was made prior to the expiry of the planning so this permission is still valid.
A possibility may exist to amend the planning to change the two retail units to apartments (subject to a new planning application).
A portion of the rear section of the site would be available to purchase additionally which has planning approval for a 4 bedroom townhouse.
PRICE
Option 1
Planning for 4 Apartments and 2 Retail Units
Area Marked in Red - £219,950
Option 2
Planning for 4 Apartments and 2 Retail Units plus 1 Detached House
Area Marked in Blue - £279,950
ADDITIONAL INFORMATION
Tenure: Freehold