* DEVELOPMENT OPPORTUNITY * An investment opportunity to acquire a derelict oast house set within approximately 0.8 acres of ground offering potential for development or conversion/reinstatement subject to any necessary consents. Positioned along a farm track in a semi-rural location. The site adjoins an allocated development site that forms part of Bexhill expansion close to an attractive complex of barns that has recently been converted into new homes. The oast house is in a significant state of disrepair but may offer the potential for a sympathetic restoration or the redevelopment of the whole site, subject to obtaining any necessary consents. The site adjoins an allocated development area with Right of Way access over a farmtrack, subject to maintenance contributions. Utilities including water and electric are available in the immediate vicinity and the sale will be subject to certain uplift provisions imposed by the original land owner.
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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