Coventry – Residential development opportunity with planning consent

Description

• Freehold residential development
• A rare opportunity to acquire a site of approximately 0.73 acres (0.295 ha)
• The site comprises a prominent vacant commercial building arranged over four storeys with 36 car parking spaces
• Offered with vacant possession
• The existing accommodation measures approximately 4,563 sq m (49,116 sq ft)
• Total scheme provides 88 apartments (17 x studios, 29 x one bed, 42 x two beds)
• Total consented proposed residential accommodation comprises an approximate NSA of 4,470 sq m (48,110 sq ft)
• Potential for comprehensive redevelopment subject to obtaining all necessary consents

Offers sought in excess of £6,000,000 (Six Million Pounds) subject to contract and exclusive of VAT. This reflects £122 psf on the existing accommodation.