Residential development for sale
Property description & features
- Tenure: Freehold
- Situated in Popular Residential Area of Tarring on Outskirts of Worthing
- Planning Consent Granted For 9 Additional Residential Units at 4th Floor Level
- Available on a New 999 Year Lease
- Potential GDV of £1,900,000
- 9 On-Site Car Parking Spaces
- Full Plans Pack Available
- Reduced Guide Price
The overall site is rectangular in shape, sits on level ground and extends to approximately 0.39 hectares / 0.96 acres. The existing buildings were constructed in the 1960's and have been upgraded over the years. Comprising of 27 private flats in 2 interconnecting blocks (with 1 smaller east wing) they are arranged over ground, first and second floor levels. Each block has independent access and there are 4 stairwells in total. Garaging and parking areas are to the north of the site and amenity green space to the southwest, shielded by significant tree cover. Pedestrian access into the site is from the south and west. The site is bounded by Church Road and Parkfield Road both popular residential locations.
Location
St Andrews Gardens is located within the popular coastal town of Worthing close to the historic neighbourhood of Tarring which dates from the 10th century. The Tarring area is popular due to its proximity to local schools and amenities. Worthing has a population of approximately 100,000 and is a vibrant and expanding town which has benefited from recent regeneration. The town has good road links via the A27 and A24 arterial routes and the A259 Coast Road. West Worthing mainline station is approximately 0.3m to the south and there are numerous independent retailers, public houses close by. The seafront is approximately 1.25 miles to the south and Tarring Park green space is immediately adjacent to the north.
Terms
The airspace will be sold on a new 999 year lease.
In addition, the freehold interest of the building may also be available with further details available upon request.
Basis of Offer
Unconditional offers will only be considered and interested parties are required to provide background evidence of how the purchase will be funded and provide a set timetable for a swift exchange of contracts. The Vendors are not obliged to accept the highest or any offer.
Planning
Planning consent has been granted on appeal (APP/M3835/W/21/3269452 & APP/M3835/W/21/3269455) for 2 slightly different applications for 9 residential units. The differences relate to fenestration and external finishes. The consented scheme comprises of 5x 1 bedroom flats & 4x 2 bedroom flats. Plans and CGI images are shown below on these details. There will be 9 unallocated parking bays and 8 cycle racks with this development.
The flats will be accessed via extensions to the existing staircases and range from 50 - 70 Sq M. The total new floor area extends to 5,660 Sq Ft + 1,162 Sq Ft (Common Parts).
The site is in Flood Zone 1 and is therefore low risk.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 183597-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Justice & Co - Worthing.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 4, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 4, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.