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Our Summary
- Planning permission in place
- Strong GDV and investment potential
- The Opportunity - The site benefits from planning permission for a comprehensive residential-led scheme comprising a mix of apartments, houses and specialist accommodation, arranged to maximise the attractive waterfront setting overlooking Lake Lothing
- Planning & Design - The scheme benefits from implemented planning permission, with revisions enhancing the overall viability and design, including: Conversion of former commercial units to residential flats Inclusion of lift access to all apartments Improved internal layouts and accommodation Additional stairwell extensions and modernised design The building has been carefully designed to maximise its waterfront position, with a distinctive curved layout and central courtyard arrangement
- 23 spaces) including disabled bays Integrated bin stores and servicing areas Lift access to all floors Significant infrastructure and mitigation works have been incorporated, including: Raised floor levels and boardwalk Flood defence retaining walls in accordance with Environment Agency guidance Development Potential & Gdv - The scheme presents a compelling investment opportunity with strong projected returns: Projected GDV: £15,100,000 – £17,955,000 Recommended GDV: approx
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Description
The site is located on a waterfront position overlooking Lake Lothing, with planning permission in place for a residential-led scheme comprising a mix of apartments, houses, and specialist accommodation. The development includes a 21-apartment block with a mix of 1- and 2-bedroom apartments, including larger duplex units, as well as 8 detached 4-bedroom houses and additional sheltered accommodation units. The site offers approximately 48,493 sq ft of residential accommodation, with vehicular and pedestrian access from Saltwater Way, basement parking for 23 spaces, and lift access to all floors.
The building has a distinctive curved layout and central courtyard arrangement, with integrated bin stores, servicing areas, and significant infrastructure and mitigation works, including raised floor levels and flood defence retaining walls.