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Attractive Part Complete Residential Development Opportunity

For sale: POA|8.4 Acres|Land, Residential Land, Other, Commercial Land, Residential, Other Property Types & Opportunities

Property details

FOR SALEPOA
SIZE8.4 Acres
ADDRESSThe Foothills, Burnley Road, Loveclough, Rossendale, BB4 8QZ
TYPELand, Residential Land, Other, Commercial Land, Residential, Other Property Types & Opportunities
TENUREFor Tender, For Sale Freehold
POSTED ON13th September 2024

Description

Attractive Part Complete Residential Development Opportunity in picturesque semi-rural village for sale on behalf of Joint Administrators.

The Foothills development has planning consent for 80 houses being a mix of 3, 4 and 5 bed family homes in a variety of styles.

Phase 1 comprises 28 residential units (of which 19 units have been completed and sold) with the remaining 9 units at varying stages of completion ranging between approx. 60% to 99% complete.

Work is still required in connection with site works, roadways and landscaping.

Phase 2 comprises 52 residential units, of which 24 are to be allocated as affordable units and the remaining 28 units to
be private dwellings.

Phase 2 is largely undeveloped with works limited to laying the base course of the main spine estate road and some drainage works. Ground floor slab works (c.22% complete) have also been undertaken in respect of Plots 23 and 24 (both allocated affordable units).

Opportunity to acquire an adjoining parcel of land (privately owned) via separate negotiation to help drive economies of scale/profitability.

Location

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Location: The Foothills, Burnley Road, Loveclough, Rossendale, BB4 8QZ

Hapton (3.2 miles)

Huncoat (3.2 miles)

Rose Grove (3.4 miles)

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