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Plot for sale
St. Peters Crescent, Selsey, Chichester, West Sussex, PO20
£1,250,000
St. Peters Crescent, Selsey, Chichester, West Sussex, PO20
£1,250,000
Our Summary
- A former care home with planning permission to convert and provide additions to create 20 dwelling units, comprising, 18 x 2 bed apartments (11408sqft)2 x 1 bed apartments (1123sqft)2 x 2 bed houses (1572sqft)The building sits on an overall plot size of 0
- Full application can be viewed by visiting the planning portal at Chichester District Council with ref 25/00142/FUL
- LA Contributions as follows (please ensure to make your own checks to confirm the numbers we have been provided with)CIL £267kS106 £107k for A27S106 £19k for SPABNG £36kAffordable Overview - Offsite contribution has been agreed at £21kExisting Build Area - 15597sqft / 1449sqmProposed Build Area - 16340 sqft / 1518sqmThis development site offers a great opportunity for those developers wishing to build and re-sell or those wishing to retain for rental yields (at circa £280,000 per annum)
Description
This former care home in Selsey, West Sussex, offers a unique development opportunity with planning permission to convert and extend the building to create 20 dwelling units, comprising 18 two-bedroom apartments, two one-bedroom apartments, and two two-bedroom houses. The property sits on a 0.8-acre plot with direct access to St. Peter's Crescent, just a mile from the seafront and beaches, and a five-minute walk to the high street. The development potential is significant, with a total internal area of 31,330 square feet and a guide price of £5-5.25 million. The property is being sold with a range of benefits, including planning permission, a full marketing pack, and quotes for demolition and timber frame supply. The sale includes the option to purchase the LTD company that owns the building, and offers are invited prior to the closing date of October 17th.