Watkin Road, Boscombe, Dorset, BH5

Watkin Road

land/development for sale

  • Reference Number rps_chu-CHR230333
  • Agent Churchfield Bournemouth
  • Agent Number 01202779911

Guide price £1,550,000

About this property

Development opportunity available for unconditional purchase. Refused planning for 36 x units in three blocks. I am advised by the vendor that the bulk and mass was the main reason for refusal and that if the number of units was reduced to 32 x units in three equally sized blocks, planning could be granted. Currently Block A comprising 18 x flats over four floors. 1 x bed approximately 41 m2 & 2 x bed approximately 60 m2. Bike store. Block B comprising 4 x house's over two floors. Each unit is approximately 90 m2. 4 x parking spaces & private gardens. Block C comprising 14 x flats over four floors. 1 x bed's from approximately 39 m2. Bike store. All flat's benefit from communal outside space. All the flats have open plan living room/kitchen. Churchfield estimate the Gdv for the refused 36 x unit scheme at approximately £8,430,000.00. The site is currently occupied by a vacant former care home, that will require demolishing in order to develop this site. Bournemouth Borough Council planning application number: 7-2022-9829-F. The vendor advises me that the (36 unit) Combined CIL contribution was £68,608.00, the Section 106 is being negotiated, but hoping to pay nothing. The Heathlands is at £428.00 per house and £292.00 per flat. Contributions would be payable by the purchaser. No known covenants. No social housing requirement. Site area 1700 sq mt. The site is well located and only a short stroll to public transport, shops. The Centre of Bournemouth is within easy reach. For further details, please contact Andrew Hooper on 01202 779911. More development land and investments available on our web site: www.churchfield.uk.com

Development or Investment site (s), bought through Churchfield the purchaser is required to retain us at the rate of 1.8% (minimum fee of £2,400) including Vat at the prevailing rate. For any Land, Development or Investments acquired, Churchfield must be instructed to re-sell the finished units at 1.8% including vat or re-let at 9.6% including vat (fully managed) the acquired property or the developed properties on a sole agency basis within three years of completion. If Churchfield are not instructed and the acquisition is sold or Let by the purchaser/s within this period, an additional fee of 1.8% including vat (minimum fee £2,400 including vat) of the original purchase price will be chargeable to the purchaser in addition to any other costs or charges agreed. Once the three year period after completion of the purchase has expired, the purchaser is free to offer the acquisition to any third party with Churchfield having no financial interest.

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