1 /10
£1,999,950
New South Promenade, Blackpool, FY4
- 0 beds
£1,999,950
- 0 beds
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Estimate monthly mortgage payment:
£9,130 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£99,998
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DESCRIPTION: Kenricks are delighted to offer this rare opportunity to develop
this sea front site.
The site is on the prestigious South Promenade
overlooking the Irish Sea and will be positioned next to the brand new Hampton By Hilton Hotel
as part of the new up and coming regeneration
of South Promenade, Blackpool.
The site currently comprises of 3 buildings, Waldorf
Hotel, Kimberley Hotel and the Henderson Hotel which will all require demolishing before
development takes place.
The development previously had planning permission for 59 x 2 Bedroom Apartments and 21 x 1 Bed Apartments and 8 x 3 Bed Duplex Apartments.
In addition to each apartment there will be 88 carparking spaces including 10 disabled parking spaces, providing 1 parking space for each apartment.
We have been informed that this valuable site comes with the added advantage that Blackpool Council would look favourably on Developers wishing to bring the scheme to rapid completion; to that end they are prepared to make a Business Development Loan available subject to eligibility criteria being satisfied
AGENTS NOTES: Plans available at request.
Planning Application No. 17/0193. Date of application
17th March 2017.
TENURE: Freehold
VIEWING: By appointment through Kenricks.
Property Reference INV911K
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£151,244
Mortgage and legal costs:
£999
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