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Residential development for sale
Victoria Place, St. Austell
£250,000
Victoria Place, St. Austell
£250,000
Our Summary
- * VIDEO TOURS AVAILABLE *AN INVESTMENT & DEVELOPMENT OPPORTUNITY PLANNING FOR 7 ONE BEDROOM FLATS/STUDIOS (NUMBER PA20/00922)GROUND FLOOR COMMERCIAL INVESTMENT - * BUSINESS NOT AFFECTED *AN ATTRACTIVE GRADE II LISTED TOWN CENTRE BUILDINGEDGE OF TOWN CENTRE LOCATION
- With delightful views over the Church and in an area with some lovely period buildings the property offers great potential for providing town centre living
- For sale is the Freehold with planning consent for development of the upper floors (ground floor entrance) and basement
- The property, which is listed, has planning consent for 7 flats:Flat 1 Studio 42
- The electrical head is under the stairs adjacent to the back door and currently serves the shop, and will need splitting/upgrading
- Grant Of Listed Building Consent - Cornwall Council On Line Planning Number PA20/00923PLEASAE ASK FOR A COPY OF THE DESIGN & ACCESS STATEMENTGrant Of Conditional Planning Permission - Cornwall Council On Line Planning Number PA20/00922We understand planning has been implemented due to a commencement start by Building ControlPLEASAE ASK FOR A COPY OF THE DESIGN & ACCESS STATEMENTBasement - Ground Floor - First Floor - Second Floor - Freehold - To include the ground floor investment and development opportunity on the upper floors
Description
This property is a Grade II listed building in the heart of St Austell town centre, offering a unique investment and development opportunity. The ground floor is currently let to a pharmacy on a long lease, providing a secure income, while the upper floors have planning consent for the conversion into seven one-bedroom flats/studios. The building is situated on Victoria Place, just off Fore Street, and is surrounded by a thriving retail environment with national chains and a bustling town centre development. Despite the current economic climate, the local rental market remains robust, with a strong demand for town centre living. The property benefits from two water mains, an electrical head ready for splitting and upgrading, and a BT distribution point. With planning already in place and works having commenced, this is a rare chance to create a desirable residential development in a prime location, with the added security of an existing commercial income.