Coastal Development Opportunity for 61 Units

Coastal Development Opportunity for 61 Units

Kingsbury are instructed to co-ordinate a sale of a B1 office building situated on a 3.7 acre site in St Austell, Cornwall, currently part let to NHS.

The property benefits from Prior Approval for the conversion of the vacant units to 31 apartments. Prior Approval has also now been granted for a further 30 apartments providing a total of 61 apartments across the site. The proposed development will be fully private and incorporate a mix of 1 and 2 bedroom units extending to 37,157 ft² in total along with 186 parking spaces.

The site is located a short walk from St Austell train station and just over 2 miles from the south coast of Cornwall.

Approximately 22,653ft2 of the property is let to NHS for a 5 years term from 1st January 2016 subject to a mutual break option in September 2018.

The opportunity should appeal to private developers, seeking a consented development opportunity in a popular location.

To discuss any aspects of the sale of this property please contact or 020 7183 2529.

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