House of multiple occupation for sale

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House of multiple occupation for sale

Walpole House, Walpole, TA6
£1,450,000

Our Summary

  • 6 acres >Substantially complete (internal) 22 bed HMO >Land to the rear with positive pre-app for further development >Interest from local educational establishment to let on a 15-yeat lease >Site access via Bristol Road >Close proximity to Junction 23 of the M5 >Proposed development for 500 homes on adjoining land >Various alternative uses subject to planning >Bridgewater is a vibrant historic town in Somerset Location Description >The site lies in Somerset and is adjacent to the main A38 road from Bridgwater to Highbridge
  • Land to the rear with positive pre-app for further development

Description

This property is a freehold site of approximately 0.6 acres in Bridgewater, Somerset, with a substantially complete 22-bed HMO already built. The site has a positive pre-application for further development on the rear land, and there is interest from a local educational establishment to let the property on a 15-year lease. The site is located near Junction 23 of the M5 and is surrounded by a mix of development types and sizes, including open fields and farm land. The property also benefits from being close to the town center and having various alternative uses subject to planning permission. With a proposed development of 500 homes on adjoining land, this property presents a unique opportunity for investment or redevelopment.