For Sale By Auction | 02:00 pm, 20 March 2018 | Lot 57

Development Site, 172 - 192 Langsett Road, Sheffield, South Yorkshire, S6 2UB

Withdrawn After

  • Land
  • Tenure: To Be Confirmed In Legal Pack

Call the team on 0161 830 7477 for more information

Auction Date

Tue 20/03/2018

Auction Time

02:00 pm

Auction Venue

Macron Stadium, Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Residential Development Site with Consent for 48no. Apartments & On-Site Parking

Prominently positioned regular shaped residential development site, previously housed Hilsborough Hand Car Wash and now benefits from Planning Consent dated September 2017 (Ref: 17/02454/FUL - formerly PP-06002207) for the erection of 48 apartments within a five storey block, together with associated parking and amenity space. The consent provides 39no one bed apartments and 9 two bed apartments together with 16 on-site car parking spaces. There is no Section 106 or affordable housing contribution. Full details available from Sheffield City Council Planning Portal. We have been provided with a development appraisal showing a GDV of £7.677m and a potential profit of £2m (after the usual deductions for land acquisition, build and fees etc) The site fronts onto Langsett Road which benefits from super tram connection directly to Sheffield City Centre which is approximately ½ mile to the south east of the site. Sheffield benefits from two universities, Sheffield University and Sheffield Halam University with a combined population of approximately 65,000.

Tenure

To Be Confirmed In Legal Pack

Viewing

Any reasonable time at own risk

Local Authority

Sheffield City Council

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.