Land off George Street and King Street, Barwell, Leicestershire, LE9 8GZ

About the property

• For Sale on a Freehold basis.
• Seeking offers of £400,000 subject to contract
• Available on the basis of a swift unconditional sale
• Planning permission in place for new build development of 14, 1 and 2 bed apartments. Planning reference number 20/00504/FUL.
• Gross Development Value of end development estimated at £1,985,000
• The completed development has an Estimated Rental Value of £138,000 per annum
• The site extends to 0.23 acres
• Sold with Vacant Possession

The Property now comprises a cleared and vacant site with the boundary walls which fronted King Street, George Street and part of Arthur Street having been demolished. The Property occupies the majority of the island site bounded by the aforementioned streets. Vehicular access to the Property is from an existing vehicular access on King Street.
The planning application under planning reference 20/00504/FUL to create a part two, part three storey development. The proposed development is to be 10, one bedroom apartments including one duplex apartment and four two bedroom apartments, again including one duplex apartment. The proposal is for a coach-house design with parking, with under-croft parking to the ground floor level and the apartments above, although two of the spaces will be provided externally at the eastern end of the development.