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East Street, Southampton SO14 Land for sale
East Street, Southampton SO14
£4,000,000
East Street, Southampton SO14
£4,000,000
Our Summary
- Full planning for 134 en-suite beds recently expired
- Prefer uncon sale, but can consider STP and possible jv options depending on the proposal and time scale and offer amount
Description
This is a development site in Southampton with a recently expired planning permission for a 134-bed student accommodation. The site is a corner plot with easy access and is currently let to a tenant on a short lease, generating income while waiting for a new planning application. The neighboring building is being demolished and reconstructed, which will likely increase the height of the development, providing an opportunity for a new owner to reapply for a higher building and increase the number of flats. The site area is approximately 6297m2, and the vendor is open to considering unconditional sale, sale and leaseback, or joint venture options depending on the proposal, timeline, and offer amount.