Investment development opportunity for 22 flats

Town & Country Property Auctions East Midlands are pleased to present this rare and highly attractive residential development opportunity comprising a proposed scheme of 22 self-contained flats, occupying a prominent and potentially desirable location in the East Midlands. The opportunity offers investors and developers the potential to acquire a high-GDV residential development, with an indicative Gross Development Value of approximately £2.4 million and indicative development costs in the region of £900,000. Planning permission is approved, subject to the requirements of the Section 106 agreement, which is to be cleared by the vendor subject to agreed transaction terms. The scheme offers potential exit strategies including open-market sale or disposal to social housing providers, with the vendor reporting interest from social housing providers. Pre-auction offers will be considered, and 56-day completion is available.