Land for sale with planning permission to build six properties, in the heart of Biggleswade, literally within strolling distance of the train station. The Hanging Gardens of Biggleswade will be one of the most iconic developments in this sought after market town. The planning permission CB/23/03263/FULL permits the demolition of the existing house and build two, two-bedroom houses, and four very large 2-bedroom apartments with gardens and/or balconies, you also share a roof top garden. Each apartment has surface level parking and there is not a requirement for subterranean parking. This project would suit a timber frame construction, and we understand the cost of supply and erection would be £176,000.The anticipated Gross Developed Value reflecting current market conditions we believe is £1,880,000 (One Million Eight Hundred and Eighty Thousand Pounds) or an annual rental income of approximately £89,000 (Eighty-Nine Thousand Pounds per year).
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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