Residential Development Site, Halliwell Street, Chorley, PR7 2AL

A residential development opportunity to build 10 x 1 bed apartments right in the heart of Chorley.


receptions 0   bathrooms 0    5 bedrooms 0

  • Residential development opportunity
  • Plot of land with full planning
  • Permission to build 10 x 1 bed apartments
  • Chorley town centre location
  • High rental demand
  • Anticipated yearly income of £51,000
  • Freehold
  • Site cleared & ready for build to commence

Regan & Hallworth are delighted to offer for sale a plot of land with full planning permission to build a new apartment complex of 10 x 1 bedroom apartments right in the heart of Chorley town centre which is currently undergoing a £16m package of investment and redevelopment of which the highlights of this scheme include an extension to Market Walk shopping centre, which will bring a six-screen cinema, an M&S Foodhall, high street retailers and restaurants to the town and a programme to improve the appearance of the rest of the town centre streets making it more pedestrian-friendly and a great place to enjoy leisure time.

This fantastic residential development & investment opportunity is located in an established & popular town centre location within close proximity to the town's bus & railway stations. Halliwell Street can be accessed from Market Street and lies within approximately 2 miles from the M61 Motorway providing links to the regional motorway network and we are offering a Freehold cleared parcel of land measuring approximately 337 sq m (403 sq yds) which has full planning consent for the erection of a detached four storey block of apartments containing 10 new 1 bedroom apartments with an anticipated gross value of £800,000 that are perfect for the rental market. We anticipate these apartments will achieve £425 PCM each with a yearly combined income of £51,000.

Planning

Full planning consent was approved on 9th January 2018 (Application Number 17/00962/FULMAJ) for the erection of a new four storey detached block of apartments containing 10 new apartments. Interested parties should consult direct with the Local Planning Office, Chorley Borough Council, Department of Development and Regeneration, Town Hall, Chorley, Lancashire, PR7 1DP. Tel: 01257 515151.


MAP & STREETVIEW

Council Band A Band B Band C Band D Band E Band F Band G Band H  
Wigan Council £912.44 £1,064.51 £1,216.58 £1,378.40 £1,672.80 £1,976.95 £2,281.10 £2,737.32 Website
West Lancashire £1,001.18 £1,168.05 £1,334.92 £1,501.77 £1,835.49 £2,169.23 £2,502.95 £3,003.54 Website
South Ribble Borough Council £1,014.34 £1,183.41 £1,352.47 £1,521.52 £1,859.63 £2,197.76 £2,535.86 £3,043.04 Website
Chorley Borough Council £1,003.58 £1,170.85 £1,338.11 £1,505.37 £1,839.89 £2,174.43 £2,508.95 £3,010.74 Website

All council Tax Bandings are indicatory. Please check the precise banding for a property of interest.

CONTACT THE AGENT - BOOK A VIEWING

When you sell with Regan & Hallworth you are allocated your own estate agent who’s job it is to keep in regular contact and provide feedback after everyviewing.

Cherri Holcroft

Cherri Holcroft

Senior Sales Advisor
Standish Branch

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