Location: Partridge Lane, Newdigate, Surrey, United Kingdom
** DEVELOPMENT SITE ** | PLANNING for 5 x New Build Houses in the Countryside | 1 x UNIT UNDER OFFER OFF-PLAN | Public Auction Thursday 28th February | Gross Development Value = £3.95 Million | Profit Margin exceeds 25% | **LEGAL PACK AVAILABLE**
A great opportunity to hit the ground running with this one off, unique development which has been maximised to its full potential.
Power Bespoke have already secured a buyer for the end product of plot 5, off plan. The buyer has no chain, previously sold and currently in rented awaiting a development buyer for the site to sign a build contract with.
Tenure: Freehold
Address:
Russley Acres, Partridge Lane, Newdigate, Surrey, RH12 4RW.
Title Number:
SY305548 (Transfer of part on completion)
Local Authority:
Mole Valley
Planning APPROVED:
MO/2017/1304
MO/2017/1314
Legal Packs Available
Details (approximate):
4 x Detached Houses @ 204.79m² (2204 sq ft.) each. 3, 4 or 5 bedrooms.
1 x Detached House @ 93m2 (1000 sq ft.)
Total Site = 5.4 acres.
Development Site = 1.47 acres (+3.93 acres of pasture and woodland for garden).
CIL Liability Approx': £43,000
Affordable Housing: Not Applicable
Points of Consideration:
This unique development is countryside with no main drainage or gas. Provisions should be made for...
*Treatment Work/s or Septic Tank/s.
*Oil, LPG or Air Source Heat Pumps for heating.
Expected Re-Sales:(Conservative, evidence based. Comparables available on request, following site visit)
Unit 1 = £825,000 - with 0.22 Acres (£374 psf)
Unit 2 = £850,000 - with 0.45 Acres (£385 psf)
Unit 3 = £900,000 - with 1.6 Acres (£408 psf)
Unit 4 = £925,000 - with 2.5 Acres (£419 psf)
Unit 5 = £450,000 - with 0.6 Acres (£450 psf) ** End Product is UNDER OFFER to private buyer for £450,000 **
Gross Development Value: £3,950,000
Starting Bid: £1,000,000
VIEWINGS:
Strictly by appointment only. Site cannot be visited outside appointments due to being secured.
Public Auction: 28th February 2019
To view legal pack and register to bid pleasecut'n'paste this link... https://www.networkauctions.co.uk/london-auction/?lid=82728&ClientID=24&src=36
Network Auctions: Grosvener House Hotel, Park Lane, Mayfair, London, W1K 7TN.
www.networkauctions.co.uk
Agent: James Gordon of Power Bespoke - james@powerbespoke.co.uk
