This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
1/13
£1,000,000
Land/Plot for sale, Steyning Avenue, Peacehaven, East Sussex, BN10
Features and Description
- Land
- Peacehaven, East Sussex Location
- 1,382 m² GIA ( 874 m² residential NSA + 200 m² community)
- Mid-high specification coastal development
- Prime position near the Peacehaven seafront with open views
- Expected GDV: £5.5 million
- Local Council Authority - Lewes District Council
- Planning Permission Reference LW/25/0224
- For Sale By Modern Method of Auction
- Please contact Branch for Further Details
A consented DEVELOPMENT SITE in the coastal town of Peacehaven, East Sussex with planning permission to demolish the current public house and erect a contemporary apartment scheme with parking and ground floor office/community spaces The residential element comprises of 7 x one-bedroom apartments, 6 x two-bedroom apartments and 1 x three-bedroom apartment. With the office/community space extending to some 2,000sqft.
Granted by Lewes Council under ref LW/25/0224 there is a resolution to grant planning permission for 14 x well designed apartments over the first, second and third floors. Each unit is well laid out to provide accommodation suitable for the local market for both New Homes sales and rentals. On the ground floor is office/community spaces. Externally the scheme allows for good sized balcony or terrace spaces to take advantage of the coastal aspect and there is an under-crofted access to the parking area.
Residential units range from 541sqft to 1059sqft, and full plans are available on request together with a schedule of accommodation and predicted values.
The site is well placed with its proximity to the A259. The local bus stop is a 2-minute walk away and provides a regular connection through Peacehaven and on to Brighton, Newhaven, Seaford and Eastbourne. There is a Sainsbury's Local within a short walk of the site as well as further food convenience stores, numerous food outlets, local shops and a pharmacy. Access to the Coastal Undercliff Walk is at the end of the avenue, with its sea walks to Newhaven Port, Rottingdean village and Brighton.
As well as the good level of service within walking distance and the onward public transport links, the site is well located with the A259 connecting into Brighton and via the A26 onto the A27 with good wider road links.
This land is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the land carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Steyning Avenue, Peacehaven, East Sussex, BN10
Additional Information
-
Property refQBG260021
-
TenureFreehold
-
Council TaxNA
-
Local authorityLewes District Council
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