Studio flat for sale

* Either an Outright sale or a Joint Venture would be considered by our client *

The consented scheme consists of 60 units in an eye catching designed building. A selection of 1and 2 bedroom units, all with the benefit of direct outside space and with no onsite affordable, all the 2 bedrooms have en-suites to the principal bedroom. There are numerous parking on site including, underground with 64 spaces. The sellers have paid all the preplanning requirements and therefore this scheme can be commenced immediately.

"Freehold development site
"Planning permission granted for a contemporary 60 apartment scheme
"No onsite affordable
"Central location less than half a mile from the town centre
"Possible SPV sale subject to agreement
"38 x 2 bed and 22 x 1 bed apartments
"Proposed GIA 42,211 sq ft (3,921 sq m)
"Vacant

Proposed accommodation:

38 x 2 bedroom apartments each with en-suite facilities off the principal bedroom.

22 x 1 bedroom apartments.

Total Gross Internal Area 42,211 sq ft (3,921 sq m)

Planning

Planning permission has been granted by Bracknell Forest Council (ref 16/00626/FUL 22nd June 2016) for the redevelopment of the site to provide 60 residential units within a part-three, four and five storey building (plus basement car parking) with associated amenity space, landscaping, car parking, refuse stores and foot/cycle path link.

A certificate of lawful use or development was granted by the planning authority on the 18th January 2023 confirming the development has been implemented.

Notes

The property is held in an SPV. My clients' preference is for a company sale, there are losses of around £3,000,000 in this SPV which the purchaser could take advantage of subject to their own due diligence.

NB: Computer Generated images also used.