Initial price	£4,500,000
06/09/25	£4,000,000
Price Change	-11.11%

This is a freehold development site with planning permission granted for a 60-apartment scheme, consisting of 38 two-bedroom and 22 one-bedroom units, all with direct outside space and no onsite affordable housing. The site is located in a central area, less than half a mile from the town center, and has underground parking for 64 vehicles. The sellers have paid all pre-planning requirements, allowing the development to commence immediately. The property is held in a Special Purpose Vehicle (SPV) and the sellers are open to either an outright sale or a joint venture. The SPV has losses of around £3 million, which the buyer could potentially take advantage of, subject to their own due diligence.