My Pad Accommodation Ltd
Tel: 01482 342445
139 Cottingham Road
Hull
HU5 2DH
Frances Street, Scunthorpe
No Offers £187,000
DEVELOPMENT PROJECT FOR SALE
This exciting development project presents a unique opportunity for investors and developers alike. Currently classified as a commercial property, it boasts preapproval for planning permission to transform the space into a vibrant residential community. The proposed conversion will yield five residential apartments, comprising three two-bedroom units and two one-bedroom units, alongside three commercial units on the ground floor, resulting in a total of eight properties.
This project is ideal for those looking to capitalise on the growing demand for residential living in the area, while also maintaining a commercial presence. The potential for rental income from both the residential and commercial units makes this an attractive investment opportunity.
We have collaborated with a developer to provide a preliminary estimate of the conversion costs, which serves as a guideline for prospective buyers. However, we strongly advise conducting thorough due diligence to ensure all aspects of the project align with your investment goals.
For those interested in exploring this promising venture further, internal photos and viewings can be arranged upon request. This is a rare chance to acquire a property with significant potential in a developing area, making it a worthwhile consideration for any serious investor.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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