Initial price	£1,000,000
04/11/25	£775,000
Price Change	-22.50%

This unique development site, situated on the northwest outskirts of Clacton-on-Sea, offers an exciting opportunity to purchase a plot of approximately 0.77 acres with outline planning permission for nine three-bedroom houses. The scheme, approved in November 2024, permits the demolition of the squash courts at the rear of the pub and the construction of six semi-detached and three detached houses, each with two parking spaces. The estimated gross development value (GDV) is £2,775,000, excluding the pub, which is available for separate negotiation. The pub, known as Wick Lodge, is a long-established public house with three bedrooms of accommodation above, currently let at £24,000 per annum, with the tenant's agreement to remain in situ until June 2025. The property offers a unique chance to develop a desirable residential scheme in a sought-after location.