Fact
3c031c909ac7e235bfbb57086bef67c82bc6461597ca44c14745bfe571ae0024
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3c031c909ac7e235bfbb57086bef67c82bc6461597ca44c14745bfe571ae0024
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notes
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Disused industrial building that has been occupied for a number of purposes over the years including as a bakery and a factory. Last utilised for manufacture of furniture, comprising a workshop, retail showroom and accompanying office and storage space, but now vacant. There is opportunity for redevelopment through conversion with the relatively high indicative yield reflect the setting and conversion to flats. Permission was secured for alteration and conversion to 14 apartments (14/03065/FUL). Permission was implemented in 2017 when a start was made on initial works. However, no substantive progress was made on the residential aspect of the development, and there has been no further activity evident. Recently confirmed that that whilst the landowner is still keen to progress, viability issues have caused development to stall and have inhibited successfully marketing. Permission will not lapse but these matters require resolution before development can commence and, as a result of uncertainty, the project is currently considered developable (years 6-10). Deliverability will be reassessed if/when new evidence is available.
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8069
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2021-12-17
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2021-12-17
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5607a8765fe68813c7348aef4b4d8e0aeedefad3dc2f482eaad1e7751bdd3b86
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Resources
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5607a8765fe68813c7348aef4b4d8e0aeedefad3dc2f482eaad1e7751bdd3b86
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