Land For Sale £575,000
A chance to acquire this Freehold site with potential for redevelopment. There is an appeal pending for the 'redevelopment of a vacant commercial site with 3 x two bed houses and 9 x two bed apartments.' Should the appeal be allowed we anticipate a GDV of approximately £2.1m and an annual rental yield of £113,400. The site measures approximately 0.4 acres in total and currently comprises detached mixed use building with two shops and one flat over, a further red brick industrial unit and timber workshop. We believe the site offers potential for a number of alternate uses STPP.
The Site - 0.4 Acre site located in the seaside town of Walton-on-the-Naze. The opportunity currently comprises detached mixed use building with two shops and One flat over, a further red brick industrial unit and timber workshop. We believe the site offers potential for a number of alternate uses STPP. The site lies within the settlement boundary as situated approximately 0.3 miles from the beach and within a mile of the Town Centre.
Planning - Tendring District Council Planning Reference: 23/00806/OUT
Outline planning for 'for the redevelopment of a vacant commercial site with 3 x two bed houses and 9 x two bed apartments' was refused in September 2023 and is currently pending an appeal decision.
A full copy of plans are available upon request.
We believe the site could suit alternative commercial/residential schemes, any enquiries should be made to your chosen planning consultant or the local authority.
Proposed Ground Floor -
Proposed First Floor -
Proposed Second Floor -
Proposed Elevations -
Gdv - Based on the current proposed scheme indicative values are as follows:
9 x 2 bed apartments - £150,000 each / £750 PCM
3 x 2 bed houses - £250,000 each / £900 PCM
Total - £2,100,000 - Sale / £113,400 PA - Rent
Agents Note Sales - PLEASE NOTE - Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.
Aml - ANTI-MONEY LAUNDERING REGULATIONS 2017 - In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.
The Site - 0.4 Acre site located in the seaside town of Walton-on-the-Naze. The opportunity currently comprises detached mixed use building with two shops and One flat over, a further red brick industrial unit and timber workshop. We believe the site offers potential for a number of alternate uses STPP. The site lies within the settlement boundary as situated approximately 0.3 miles from the beach and within a mile of the Town Centre.
Planning - Tendring District Council Planning Reference: 23/00806/OUT
Outline planning for 'for the redevelopment of a vacant commercial site with 3 x two bed houses and 9 x two bed apartments' was refused in September 2023 and is currently pending an appeal decision.
A full copy of plans are available upon request.
We believe the site could suit alternative commercial/residential schemes, any enquiries should be made to your chosen planning consultant or the local authority.
Proposed Ground Floor -
Proposed First Floor -
Proposed Second Floor -
Proposed Elevations -
Gdv - Based on the current proposed scheme indicative values are as follows:
9 x 2 bed apartments - £150,000 each / £750 PCM
3 x 2 bed houses - £250,000 each / £900 PCM
Total - £2,100,000 - Sale / £113,400 PA - Rent
Agents Note Sales - PLEASE NOTE - Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.
Aml - ANTI-MONEY LAUNDERING REGULATIONS 2017 - In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.