A freehold, part-built residential development site in Raynes Park, London, sold via receivership as a repossessed asset. The site benefits from planning permission for 8 self-contained apartments, comprising 3 one-bedroom, 2 two-bedroom duplex, and 3 three-bedroom duplex units, totalling approximately 6,411 sq ft NIA of approved residential accommodation. Basement and ground floor substructure works have already been completed, with building control final certificate obtained for the works undertaken. All pre-commencement planning conditions have been discharged, and the Community Infrastructure Levy of approximately £145,000 has been paid in full by the previous owner. There are no Section 106 obligations attached to the scheme. The site extends to approximately 0.39 acres and is being offered at offers in excess of £1,300,000.
A part-built freehold development opportunity in Raynes Park, London, offered via receivership sale. The site holds planning permission for 8 self-contained apartments across a mix of one, two, and three-bedroom duplex units, totalling approximately 6,411 sq ft NIA. Substructure works are already complete, pre-commencement conditions discharged, and the CIL liability settled by the previous owner, offering a purchaser a head start on delivery. Excellently located close to Raynes Park Railway Station, local schools, shops, and green spaces.
Property Overview
Financial Analysis
Secure Deal
Fee to Pay £12480$ 16,628 *$ 23,796 *$ 23,423 *€ 14.616 * (Inc VAT)
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