Shotton Court 19-23
The purchaser will acquire to right to build two x two bedroom flats and 1 x 3 bedroom flat over the existing two storey blocks at Shotton Court and Rapley House in Creek Road Hayling island.
All planning approval has been passed and building regulation approval has been granted with minor conditions.
The owner of the existing properties will be granting a 125 year lease on both developments. Each flat has one designated car parking space. Additional parking is available in the local vicinity. Detailed plans are available on site. Section 106 agreement costs have been paid to local council. All planning fees and building regulation fee are paid to date.
A ground survey to confirm the suitability of the existing foundations for the additional works has been carried out and has been submitted to H.B.C.
Further details available from the vendor.
Estimate SALE PRICE £160,000 for 2 bed flats and £180,000 for the 3 bed flat.
*** Due to a change in the available parking, it is now possible that a revised application for 2 x 2 bedrooms flats instead of a 3 bedroom flat would be permitted by H.B.C. However the acquisition cost would increase by £30,000 to cover the addition parking requirements. Therefore the final sale price of the four units would be approximately £600/640,000.
These are for general guidance only. You are responsible to confirm accuracy by inspection.