* GUIDE PRICE £90,000 TO £100,000 - INVESTMENT OPPORTUNITY *
PCM Estate Agents present to the market this opportunity to acquire a DEVELOPMENT OPPORTUNITY to construct a DETACHED BUILDING comprising of 3X TWO BEDROOM FLATS. More information can be found under Planning Ref: HS/DS/21/00929.
Positioned on this sought-after cul-de-sac in West St Leonards, close to a vast range of amenities, the seafront and promenade.
Note: - We have been advised of the following by the vendor: •Outline Planning permission no. HS/OA/18/00726, obtained on 13/08/2018, permits the erection of four two-bedroom flats. •Initially, the Reserved Matters application reference no. HS/DS/21/00929, to build three numbers of two-bedroom flats, was refused on 19/01/2023. •However, the Appeal reference no. APP/B1415/W/23/3326196, which had been registered, was granted on 23/08/2024, allowing the construction of three two-bedroom flats for four persons. •All relevant pre-build conditions have been discharged under application numbers HS/CD/24/00664 and HS/CD/24/00740 by 11/11/2024. •From November 2024 according to the above-mentioned references of the appeal, planning permission, and discharged conditions, 14-16 Harley Way is ready to commence construction.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are 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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