9 bed property

Our Summary

• Development Opportunity
• Planning Permission Granted
• Planning Application Number: 20/00593/F
• PLANNING PERMISSION GRANTED Prime Residential Conversion Opportunity An exceptional opportunity to acquire a fully consented residential development in the heart of Norwich
• Planning permission has been granted for the conversion of the existing building into three spacious 3-bedroom apartments, providing an attractive development with strong appeal to both owner-occupiers and the private rental market
• With planning consent secured, Nutrient Neutrality obligations satisfied, and key technical approvals already in place, the project offers a significantly de-risked opportunity for developers and investors seeking a straightforward city-centre conversion
• Development Summary - Planning Status - Planning Permission Granted Norwich City Council Planning Ref
• Planning Consent •Full planning permission granted •Approved conversion to three self-contained residential apartments Nutrient Neutrality •Nutrient Neutrality Credits secured •Credits fully paid for •No further nutrient mitigation costs required Building Warranty •10-Year Professional Consultants Certificate •Warranty arrangements already paid for These completed items provide considerable value by allowing works to commence with significantly reduced pre-construction requirements
• Electricity •Existing incoming 3-phase electrical supply •Suitable for subdivision using a Ryefield distribution board •Capable of supplying all three apartments Gas •Existing live gas supply currently serving the building •Existing supply can serve one apartment •Two additional gas supplies would be required for the remaining apartments Drainage •Existing drainage connection has sufficient capacity •No new drainage connection required Water •Existing single incoming water supply •New individual water connections will be required for each apartment ________________________________________ Development Advantages •Planning Permission Granted •Three large family-sized apartments •Excellent city centre location •Nutrient Neutrality fully addressed •Building warranty paid •Existing drainage infrastructure retained •Existing 3-phase electrical supply •Reduced planning and technical risk •Immediate development potential Location - Situated on St Faiths Lane, the property occupies a highly desirable central Norwich location within easy walking distance of the city's retail, employment, leisure and cultural amenities
• Investment Opportunity - This represents a rare opportunity to acquire a consented residential conversion with numerous enabling works already completed
• Key project risks have already been addressed through: •Planning consent secured •Nutrient Neutrality compliance completed •Professional Consultants Certificate arranged •Existing utility infrastructure in place •Existing drainage suitable for the approved scheme The project is ideally suited to developers seeking an efficient conversion with reduced pre-development costs and the ability to progress quickly towards construction
• With planning permission for 3 x three-bedroom apartments, Nutrient Neutrality obligations discharged, building warranty arrangements secured and substantial existing utility infrastructure already available, the scheme provides an attractive and de-risked development opportunity with immediate implementation potential