Land For Sale £3,250,000
Penrose Land and New Homes are acting as sole agents in the sale of this rarely available and exciting residential development opportunity in the sought after market town of Dunstable just 30 miles north of London.
Planning has been granted for an initial fifty one apartments with eighty one parking spaces (29 two beds and 22 one beds). In addition there clear scope for further units to be added through further approved applications.
The current gdv valuation of the planned units is circa £12m and a costed and available build cost currently £6m which can be provided upon request. The current rental value of the completed fifty one units sits at just under £586,000 per year. A full valuation report can be issued by Penrose Estate Agents with comparable evidence upon request. Demand in this sought after location remains extremely high for both the rental and resale markets giving any buyer confidence in a strong and rapid return on investment.
Benefits of this site are the cost saving of part conversion of the existing building and the two new buildings being only three and four story in height. The clear and flat nature of the site minimises ground works required at the initial stages.
A further benefit will be a large saving on stamp duty through purchasing the holding company of the site. Further details of this can be discussed, For all information and site visits please contact our welcoming sales offices on .
Planning has been granted for an initial fifty one apartments with eighty one parking spaces (29 two beds and 22 one beds). In addition there clear scope for further units to be added through further approved applications.
The current gdv valuation of the planned units is circa £12m and a costed and available build cost currently £6m which can be provided upon request. The current rental value of the completed fifty one units sits at just under £586,000 per year. A full valuation report can be issued by Penrose Estate Agents with comparable evidence upon request. Demand in this sought after location remains extremely high for both the rental and resale markets giving any buyer confidence in a strong and rapid return on investment.
Benefits of this site are the cost saving of part conversion of the existing building and the two new buildings being only three and four story in height. The clear and flat nature of the site minimises ground works required at the initial stages.
A further benefit will be a large saving on stamp duty through purchasing the holding company of the site. Further details of this can be discussed, For all information and site visits please contact our welcoming sales offices on .
