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Plot for sale
St. Peters Crescent, Selsey, Chichester, West Sussex, PO20
£1,350,000
St. Peters Crescent, Selsey, Chichester, West Sussex, PO20
£1,350,000
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 sits on a 0.8-acre plot in Selsey, West Sussex, with planning permission to convert and extend the property to create 20 dwelling units. The development would comprise 18 two-bedroom apartments, two one-bedroom apartments, and two two-bedroom houses, with a total gross internal area of 16,340 square feet. The property is just a mile from the seafront and high street, with amenities within a 5-minute walk. The sale includes planning permission, demolition quotes, and timberframe supply quotes, as well as contributions towards local infrastructure and affordable housing. The development has the potential for high rental yields, with a re-sale guide of £5-5.25 million. Offers are invited prior to the closing date of October 17th, and a full marketing pack with data-room access is available upon request.