Residential Development Opportunity
Summary
- Landmark Building
- Town Centre Location
- Planning Approved
- Rare Freehold
- VAT not Applicable
- Vacant Possession
- Available Immediately
- Close to University
Accommodation
Approximate existing foot print across all floors.
| Name | sq ft | sq m |
| Unit | 10,000 | 929.03 |
| Total | 10,000 | 929.03 |
Location
The property is situated along Museum Street, in the heart of Warrington Town Centre, directly opposite Warrington Library.
Surrounding the property is a healthy mix of commercial and residential. Further along Museum Street is the Parr Hall and Pyramid Centre.
The property is within 2 minutes walking distance of Warrington University and may be suitable for student accommodation, in view of its close proximity.
The new Southern Link Road between Wilson Patten Street and Chester Road is nearby.
Get directions from Google Maps
Mainline Stations
-
Warrington Bank Quay4 mins
-
Warrington Central7 mins
-
Warrington West34 mins
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Padgate41 mins
Underground Station
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Chesham2762 mins
-
Amersham2799 mins
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Chalfont and Latimer2827 mins
-
Chorleywood2862 mins
Further Information
Price £675,000
Rates Payable Not Listed
Description
A fantastic opportunity to acquire a 42 unit serviced apartment development scheme, that is part conversion of the existing landmark former Collegiate building, together with an attached new build section to the rear.
The property previously benefited from Full Planning Approval for 18 self contained residential units, that included 9 two bed and 9 one bedroom apartments and duplexes. This consent has now expired, although should be capable of being reinstated.
Currently Full Planning has been approved for 42 serviced apartments (Class C1), details are available upon request or they can be viewed on Warrington Borough Council's website under planning reference 2023/01198/FULM.
The property is locally listed and situated within a Conservation area, this means that the development will need to be sympathetic and in-keeping.
The existing footprint extends to approximately 10,000 ft², making the capital rate a competitive c. £67.50 psf, whereby other local properties are achieving double this rate.
Tenure
Freehold.
Asking Price
£675,000.
VAT
We are advised that VAT is not applicable to this sale.
Planning
Full planning Approval reference number 2023/01198.
Legal Costs
Each party are to be responsible for their own legal costs.
Gallery
