Swan Hotel Development Site For Sale

Swan Hotel Development Site For Sale

The development of the Swan Hotel in Wellington has hit the online property portals. With an asking price of £595k, the site could look like these pics.

Outline planning has been granted for 16 two bedroom apartments and 5 one bedroom apartments on the site.

From the Zoopla description: “Fantastic development opportunity, outline planning approval (planning reference twc/2017/0706) for the demolishment of the existing building and the erection of a three story apartment block, this will comprise of 16 two bedroom apartments and 5 one bedroom apartments along with 30 private car parking spaces. The site is situated within walking distance of Wellington Town Centre and has excellent motorway links.

The apartments would appeal to first time buyers or investors as the flats would have rental potential of £500pcm for a one bedroom and £575pcm for a two bedroom giving a yearly rental of approximately £140,000.

Read more at #fRSQi8t5PcDYFvLv.99″ target=”_blank”>https://www.zoopla.co.uk/for-sale/details/46768079 #fRSQi8t5PcDYFvLv.99


5 thoughts on “Swan Hotel Development Site For Sale

  • March 7, 2018 at 9:26 am
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    Couldn’t see a 1 bed flat next to a busy main road in Wellington getting £500 PCM.

    Reply
  • March 12, 2018 at 8:15 pm
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    Looks like commercial on the first floor, which fits with the neighborhood, but is it one space or two? What”s the square footage? Any new thoughts on creating a condominium style store-below, apartment-above live-work space for sale an under-explored model? What about creating apartment arrangements so that a family apartment can be next to a senior/senior couple apartment, maybe even sharing a dining area? Offering reduced rent for someone who could provide essential services to seniors, such as transportation, household chore help, etc.? I have no idea if any of these things are legal/possible, but it seems like creating *different* living spaces might attract different people and contribute to that good old “vibrant concept.

    Reply

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