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Land for sale
Foundry Lane, Biggleswade, SG18
£750,000
Foundry Lane, Biggleswade, SG18
£750,000
Our Summary
- Land for sale with planning permission to build six properties
- The land is situated in the heart of Biggleswade and has the benefit of the planning permission CB/23/03263/FULL to demolish the existing house and build two, two storey, two-bedroom houses, and three very large 2-bedroom apartments and one, one bedroom apartment each with balconies and or terrace and parking
- For sale by informal tender, closing date Friday the 24th January 2025 at 12 noon, should you require any further information or advice on funding the development, please do not hesitate to contact us
Description
A unique opportunity to develop a plot of land in the heart of Biggleswade, a sought-after market town, into six properties with planning permission. The existing house will be demolished to make way for two two-bedroom houses, three large 2-bedroom apartments, and one 1-bedroom apartment, each with balconies, terraces, and parking. The development is expected to have a gross developed value of £1.88 million, generating an annual rental income of approximately £89,000. The property is being sold by informal tender, with a closing date of January 24th, 2025, and interested parties are encouraged to contact the agent for further information or advice on funding the development.