Fantastic opportunity to acquire this land of approximately 29,700sqft (2760m2 or 0.7acres). The land has been granted outline planning permission for 12 two bedroom apartments arranged over three blocks of four apartments giving the developer the option to build in three phases. Substantial areas have also been allocated for amenity space and parking for 18 cars.
Cheadle Hulme is a vibrant suburb with an array of restaurants, bars and social activities to suit everyones needs. The actual site itself is just a mile from Cheadle Hulme train station which has very frequent trains to the Centres of Stockport and Manchester. Road links are very good with the M60 being just over a mile away and Manchester Airport just 5 miles away.
The land is priced at offers over £400,000.
The projected costs and final outcomes of this development are as follows:
Cost of land - £395,000
Build costs (£90sqft) — £729,000
Individual apartment value - £130,000
Total development value - £1,560,000
Approximate Profits - £436,000
The efficiency or operation of any services (Gas, Electricity, Water or Drainage) or any electrical, heating or
mechanical appliances have not been checked. All measurements should be used as a guide only and not for ordering
floor coverings or carpets.
