House For Sale Lillington Road, Leamington Spa, CV32
£4,000,000
1 of 5
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Last Updated: 23rd April 2024
Description
A RESIDENTIAL DEVELOPMENT OPPORTUNITY
Lillington Road - is a leafy residential street with Leamington Spa town centre approximately one mile away.
Description - Southfields is an imposing building of hexagonal design and with accommodation over two floors consisting of 54 flats and one office, used as sheltered accommodation, and with no planning restriction on occupation. The property was constructed in the early 1980s and the grounds extend to approximately 1.26 acres with car parking.
Planning - A lawful development certificate , Reference W/23/1830 confirms the principle that 55 units may be used as dwellings with unrestricted occupation. W/05/0767 confirms that the one office must now revert to a dwelling making a total of 55 existing units. There is a pending planning application, reference W/24/0225 mainly for roof lights, french windows and additional car parking. This allows expansion of units into the roof space. Internal reconfiguration of the existing building has been confirmed as not being development by the officer report to committee that accompanies W21/1084. Potential for 3 extra units in previously supported locations.
Owner/Seller - The SPV that currently holds ownership of the property can be acquired to offer a stamp duty saving.
General Information -
TENURE: The property is understood to be freehold. This should be checked by your solicitor before exchange of contracts. The property will be sold with vacant possession.
SERVICES: We have been advised by the vendor that mains electricity, water and drainage are connected to the property. However this should be checked by your solicitor before exchange of contracts.
VAT: VAT will not be payable on this transaction.
RIGHTS OF WAY: The property is sold subject to and with the benefit of any rights of way, easements, wayleaves, covenants or restrictions etc. as may exist over same whether mentioned herein or not.
OFFERS: Offers are invited, subject to contract only.
VIEWING: Strictly by Prior Appointment with the selling agent.
Peter Turner MSc MNAEA
Associate Partner
Mobile:
Email:
Lillington Road - is a leafy residential street with Leamington Spa town centre approximately one mile away.
Description - Southfields is an imposing building of hexagonal design and with accommodation over two floors consisting of 54 flats and one office, used as sheltered accommodation, and with no planning restriction on occupation. The property was constructed in the early 1980s and the grounds extend to approximately 1.26 acres with car parking.
Planning - A lawful development certificate , Reference W/23/1830 confirms the principle that 55 units may be used as dwellings with unrestricted occupation. W/05/0767 confirms that the one office must now revert to a dwelling making a total of 55 existing units. There is a pending planning application, reference W/24/0225 mainly for roof lights, french windows and additional car parking. This allows expansion of units into the roof space. Internal reconfiguration of the existing building has been confirmed as not being development by the officer report to committee that accompanies W21/1084. Potential for 3 extra units in previously supported locations.
Owner/Seller - The SPV that currently holds ownership of the property can be acquired to offer a stamp duty saving.
General Information -
TENURE: The property is understood to be freehold. This should be checked by your solicitor before exchange of contracts. The property will be sold with vacant possession.
SERVICES: We have been advised by the vendor that mains electricity, water and drainage are connected to the property. However this should be checked by your solicitor before exchange of contracts.
VAT: VAT will not be payable on this transaction.
RIGHTS OF WAY: The property is sold subject to and with the benefit of any rights of way, easements, wayleaves, covenants or restrictions etc. as may exist over same whether mentioned herein or not.
OFFERS: Offers are invited, subject to contract only.
VIEWING: Strictly by Prior Appointment with the selling agent.
Peter Turner MSc MNAEA
Associate Partner
Mobile:
Email:
Agent Details
Peter Clarke & Co
53, Henley Street, Stratford-upon-avon, CV37 6PT
Show Contact Number
01789 415 444
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.