Lot 2 - Land Adjacent Regis House, Lyme Road, Uplyme, Dorset, DT7 3TJ

  • Unconditional Online Auction Sale
  • Guide Price* : £120,000
  • Bedrooms: 7

LOT 8 – FREEHOLD DEVELOPMENT SITE WITH PLANNING PERMISSION


Description

AN EXCITING RESIDENTIAL DEVELOPMENT OPPORTUNITY IN THE LYME REGIS AREA
Landmark Auctions is pleased to offer this freehold development site, situated on Lyme Road in Uplyme, near the highly desirable coastal town of Lyme Regis, Dorset.
The property benefits from full planning permission for the development of seven residential flats, presenting an attractive opportunity for builders, developers and investors seeking a residential development project in an established South West location.
The approved scheme comprises a mix of one- and two-bedroom apartments, offering the potential to appeal to a broad range of prospective purchasers and occupiers, subject to the final specification and market conditions.
PROPOSED DEVELOPMENT
The approved scheme provides for seven residential units arranged as follows:
Ground Floor: Two x two-bedroom flats.
First Floor: Two x two-bedroom flats.
Second Floor: Two x one-bedroom flats.
Separate Dwelling: One x one-bedroom flat.
The proposed accommodation offers a mix of unit sizes designed to cater for different buyer and tenant requirements.
The site may appeal to developers looking to deliver a residential scheme for individual resale, private investment or a potential buy-to-let portfolio, subject to detailed appraisal and the relevant planning and legal considerations.
PLANNING
Full planning permission is stated to have been granted under reference 23/1004/FUL.
Prospective purchasers are advised to undertake their own due diligence, including verification of the planning authority, decision notice, approved drawings, planning conditions, commencement requirements and any associated obligations, before proceeding.
Planning enquiries should be directed to the relevant local planning authority.

Tenure

Freehold

Accommodation

KEY INVESTMENT HIGHLIGHTS
Freehold development opportunity.
Full planning permission stated for seven residential flats.
Proposed mix of four two-bedroom flats and three one-bedroom flats.
Located in Uplyme, close to Lyme Regis.
Potential for development, individual unit sales or investment retention, subject to viability.

Location

LOCATION
The site is situated in Uplyme, close to Lyme Regis, one of the South West's most recognised coastal destinations on the Dorset–Devon border.
Lyme Regis is renowned for its picturesque seafront, beaches, historic harbour, independent shops, restaurants, cafés and visitor attractions. The town attracts both permanent residents and visitors throughout the year, providing an established coastal setting for residential property.
The location offers access to the amenities of Lyme Regis while benefiting from its position within the surrounding Uplyme area.
Axminster railway station is approximately an 11-minute drive away, subject to traffic, providing rail connections towards London Waterloo and Exeter. The A35 and A3052 provide road links across Dorset and Devon and towards the wider South West.

Planning

Full planning permission stated for seven residential flats.
Proposed mix of four two-bedroom flats and three one-bedroom flats.
Located in Uplyme, close to Lyme Regis.
Potential for development, individual unit sales or investment retention, subject to viability.

Sector

Residential

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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