>
Residential development for sale
High Street, Biggleswade, SG18
£650,000
High Street, Biggleswade, SG18
£650,000
Our Summary
- The land to the rear has existing planning permission to build three apartments, two of two bedrooms and one, of one bedroom
- The land is being sold subject to planning permission by way of an 18 month option agreement
- The purchaser will be required to pay a non-refundable fee of £5,000, payable upon exchange of contracts and the purchaser would be committed to submitting a planning application within 8 months of exchange of contracts and pay the sellers reasonable legal costs
- The owners reserve the right to accept an offer during this process and would consider unconditional offers that reflect the land being purchased without planning permission
Description
For sale is the old Nat West Bank and adjacent land in central Biggleswade, with a asking price of £650,000. The land has existing planning permission to build three apartments, and the ground floor of the bank could be converted into four one-bedroom apartments, generating a gross development value of £1.5 million. The property is being sold subject to planning permission, with the buyer committing to submit a planning application within 8 months of exchange and paying a non-refundable fee of £5,000. The sale is being conducted by informal tender, with a closing date of 12 noon on November 15th, 2024. The owners reserve the right to accept an offer at any time, and will consider unconditional offers that reflect the land being purchased without planning permission.