Development Opportunity Sold STC
Headley Road, Grayshott

£200,000 Offers Over
  • Development Opportunity
  • Availability: Sold STC
  • Ref: ALT180447
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Property Features

  • Sale of Freehold with Planning Consent to Convert Second Floor
  • Central Grayshott (Village Centre)
  • New Apartments Scheme Consented (x7) - GDV @ £1.5m
  • Further Ground Rents Income
  • Air Space- Planning Granted for 7 x 1 Bed Apts to Second Floor
  • East Hants DC - Planning Ref 23167/023
  • Contact Land Team for Full Details

Full Details

Grayshott Village Centre * Air Space Consent * Sale of Freehold Including Planning Permission for 7 Apartments * Consented GDV at £1.5m * Leases also Provide Ground Rents * Please Download the Marketing Pack for Full Details *

The sale of a freehold (with exisiting value of £50k) which now further includes a planning consent (East Hants Planning Ref 23167/022) to construct a further 6 apartments (or 7 seven units, Ref 23167/023) to the second floor on this village centre building. There are two planning consent options, either 6 apartments with a GDV of £1.25m or 7 apartments with a GDV of £1.5m.
In addition, the ground floor currently consists of 3 x commercial units, plus 2 apartments, which have been sold on 999 year leases and 125 year leases respectively. The first floor was converted from office space to provide 11 apartments back in 2010, which were subsequently sold under 125 year leases.
The combined ground rents payable to the freeholder are currently circa £1500 per annum. Plus a further £1200 per annum likely once the 6/7 apartments have been constructed and sold. The new combined ground rents mean the freehold value alone would be in excess of £50,000 and thus could be sold on, if required.

Full marketing detail, plans and information (including inspections), is available by contacting the Land Team at Homes on 01428 772699, who can also provide internal key access to the building.