Land Sold in Looe, PL13
Development Land with planning for 9 houses and 4 flats in an elevated position within the Cornish Seaside town of Looe. The site is easily accessible and provides panoramic views.
Full conditional planning consent for 1 x 3 bed detached house at the end of existing road and then a new spacious mews type development comprising of 8 x 3 bed s/detached houses plus 4 x 2 bed flats . All properties will have private gardens, integral garaging . The site benefits from panoramic views .
All services more or less adjacent and supporting correspondence and/or quotes available by utilities for inspection.
Unfortunately do not have the funds to carry out this development hence sale.
Expressions of interest invited for either outright sale (circa £350k) or maybe joint venture or maybe consider other type of sensible offers.
The planning consent conditions provide for the detached house at the end of the road plus two of the semi detached mews houses to be fully open market housing without restriction with the other six houses being restricted to be sold to local residents and the prices set at 82% of the open market values from time to time with the remaining four flats also restricted to be sold to local residents at 79 % of the open market values . Similar open market 3 bed s/d houses in the vicinity appear to be marketed at about £185 k . The proposed constructed project with its design ingredient which providing being implemented is considered to create a prestigious development and at today's estimated resale figures was scheduled to return a gross sum of circa £1.8m.