2nd Nov 2022
20th Jan 2023
- Listing status: sale
- Country: England
** sale by auction - 09 February 2023 - Timed Online Auction **
*100% prime development site** planning permission granted for 120 residential units. Gross development value of over £17million in extremely high demand residential location within Baildon, Bradford. Super opportunity for builder/ developer with realistic completed value of approximately £17,200,000 based on local market conditions giving massive potential uplift to developer. Freehold sale. The proposal in place is for two inter-connecting 6 storey buildings providing a total of 120 apartments. 80 x 1 bedroom and 40 x 2 bedroom with 15 to be allocated for affordable housing (below M.V). 32 x 2 bed flats at £170,000 each= £5,440,000 73 x 1 bed flats at £150,000 each= £10,950,000 +£787,999 affordable housing. The site measures approximately 1.45 acres and is located on the southern end of Berry Drive and recent developments on neighbouring sites include a bmw Showroom, Tesco Express and a number of houses. The area is extremely well served by public transport with Shipley Railway Station located within 1 miles giving regular access to Leeds and Bradford City Centres. Planning ref – 07/00464/ful- Bradford Planning Portal. Ground work was started on the land meaning planning permission continues in perpetuity. We are advised that there may be scope to re-negotiate the S106 agreement to reduce the obligation for affordable housing to increase the gross development value.
Baildon is a town and civil parish in the Bradford Metropolitan Borough in West Yorkshire, England and within the historic boundaries of the West Riding of Yorkshire. It lies 3 miles (5 km) north of Bradford city centre. The town forms a continuous urban area with Shipley and Bradford, and is part of the West Yorkshire Built Up Area. Other nearby suburbs include Shipley to the south and Saltaire to the west. As of the 2011 census, the Baildon ward has a population of 15,360Auction Details
09 February 2023,10am-3pm
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