Recent Land Sales, Sold Schemes
& Completed Joint Ventures.
Fenwicks Storage Yard, Totton
Cicero Estates, in association with Blue Leaf Projects, are pleased to announce the sale of Fenwick's Storage Yard, Brokenford Lane, Totton, to Sovereign Housing / Hampshire Homes. The site, which has outline planning permission for 21 houses, will provide affordable housing located close to Totton centre.
1 Oaks Drive, St Leonards, Ringwood
The site, which is located on the outskirts of Ringwood, benefits from detailed planning permission for the demolition of the existing building and its replacement with 1 x block of 2 bedroom apartments, 2 x detached 1,011 sq ft 3 bedroom detached houses and 1 x detached 1,564 sq ft chalet bungalow.
Tower Road, Branksome Park, Poole
This site, which extended to 0.35 ha (0.87 acres), had detailed planning consent for the construction of 14 apartments, arranged over a five storey block with ancillary underground car parking. Purchased for £2,450,000 and sold to a national retirement provider for £3,700,000 representing a 51% gross uplift.
Finedon Road, Burton Latimer, Kettering
A 1.98 acre site purchased with planning permission for 21 units for £650,000. Value engineered to include an economic viability assessment to reduce 106 costs and obligations and remove the need to provide affordable housing. The site's disposal has completed for £1,4000,000, providing a 115% uplift.
Land off Moor Road & The Sycamores, Moor Road, Bestwood Village, Nottinghamshire
1.93 acres with the benefit of planning permission for 29 houses and apartments where a Joint Venture agreement was completed in September 2017 with a local house builder who will provide both the construction and sales of the completed units.
Pasture Lane, Hovingham, North Yorkshire
24 unit scheme located within the picturesque village of Hovingham, North Yorkshire. The site was sold to a local developer on a Joint Venture basis, where the land receipt was received through the plot sale process up to the agreed purchase price. All units have now been built and sold.
54-54A Barton Court Avenue, Barton on Sea
A 12 unit scheme arranged over 2 blocks of 6 apartments, located within the coastal village of Barton on Sea. The site was acquired for £1m and disposed of for £1.4m representing a 40% uplift,
The Harroway, Evingar Road, Whitchurch, Hampshire
Planning granted for 2 detached dwellings near to the centre of the town and close to the railway station. Consent granted after much discussion and negotiations we won a unanimous decision at committee in June 2017. The plots have now been sold to a well-known local builder.