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Land for sale
Land, Blackwater Road, Meads, Eastbourne
£2,500,000
Land, Blackwater Road, Meads, Eastbourne
£2,500,000
Our Summary
- Development Opportunity in Eastbourne's Most Prestigious LocationGross Development Value (GDV): £8,445,000GIA: 1740 m
- 2Build Cost: £3,654,000 (including 5% contingency)Planning: Approved on appeal for 17 housesAffordable Housing: None requiredCIL Charge: Approximately £114, 593We are delighted to present this prime development opportunity on Blackwater Road, one of Eastbourne's most prestigious and sought-after addresses
- Key DetailsThe site benefits from planning consent for the demolition of the existing church and the construction of 17 thoughtfully designed houses, including:7 x 4-bedroom homes6 x 3-bedroom homes4 x 2-bedroom homesAlternative Planning Opportunity - Blackwater Road, EastbournePlanning Application 170156An alternative planning consent is available for the siteKey Details of Alternative Planning:Development Scope: Demolition of St Andrews Church and Albury House (excluding the retained façade facing Blackwater Road)
- Limited Planning Conditions: Streamlining the development process (refer to attached Appeal Decision)
- CIL Charge: Competitive Community Infrastructure Levy (CIL) of approximately £114, 593Section 106: ZeroThis site represents an exceptional opportunity to create a standout residential development in a location that is synonymous with quality and desirability
Description
This development opportunity in Eastbourne's prestigious Blackwater Road offers a prime chance to create a standout residential project. With planning consent approved on appeal for 17 houses, the site boasts a gross development value of £8,445,000 and a build cost of £3,654,000. The location is renowned for its elegant surroundings, historic charm, and exceptional amenities, with private educational excellence, proximity to the town centre, and cultural and recreational venues all within walking distance. The site offers unique advantages, including no affordable housing requirement, limited planning conditions, and a competitive CIL charge of approximately £114,593. The alternative planning opportunity allows for the construction of 35 high-quality residential units, with increased parking provision and a balance between modern living and preservation of the area's character. This is an exceptional opportunity for developers to create a premium residential project in one of Eastbourne's most sought-after locations.