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.