Residential development for sale

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Residential development for sale

Wellingborough NN8
£875,000

Our Summary

  • PLANNING APPROVED: iSell Properties are delighted to offer for sale this grade 2 listed former Victorian school with planning permission to be converted into 12 luxurious apartments
  • Full planning has been granted for 10 x 1 bedroom luxurious duplex apartments and 2 x 2 bedroom luxurious apartments all with off road parking with at least 2 parking spaces to each apartment

Description

This former Victorian school, located within walking distance of Wellingborough town centre and train station, has been granted planning permission to be converted into 12 luxurious apartments. The approved plans include 10 one-bedroom duplex apartments and 2 two-bedroom apartments, all with off-road parking and at least two parking spaces per apartment. The current owner has already converted two one-bedroom units, saving on overall build costs. The development is estimated to have a gross development value (GDV) of £2.1 million and no Section 106 payments are required. The property is being sold on a freehold basis.
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