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Former Gate Court Dairy Development Waterworks Rd 85 Unit Apartment Building £4,500,000 (£52,941/Unit) Eastbourne BN22 8LG



Investment Highlights
- Brownfield Site with Planning Consent
- Development Opportunity
Executive Summary
Town Centre Residential Development Site with Planning for 85 Flats– 1.4 Acres
Section 106 Agreement has now been approved.
The Scheme has no Affordable Housing allocation requirements, nor any Community Infrastructure Levy payments.
?The Brownfield Site had been used for over 60 years as a milk delivery depot and in 2024 Planning Permission was granted to demolish the site and erect a total of 85 large spacious Flats in blocks of two and three storey buildings close to Eastbourne Town Centre.
The Site measures approximately 1.4 acres and comprises a level site with all previous industrial building demolished and cleared from site.
Access is available from Waterworks Road and Stanstead Road.
Planning Consent has been granted via Eastbourne Borough Council under Application Number 230787 - Valid From 27/11/2023 to provide Erection of 85 Residential Flats, together with Access and Parking, associated Open Space and Landscaping, Vehicular and Pedestrian accesses. Further details are available upon request.
All mains services currently serve the site.
Eastbourne is located approximately 30 miles south east of junction 11 of the M23 Motorway which provides a direct link to London and the M25 motorway. In addition the A27 which is 6 miles north of the town provides access to Brighton, Bognor Regis and Portsmouth to the west.
The property is situated approximately 1 mile north east of the town centre fronting onto Waterworks Road with further access from Stansted Road. The area is a mix of residential and industrial uses.
The Vendors have not elected to waive exemption to VAT on the Land, but reserve the right to do so prior to completion.
Each party to be responsible for their own legal fees.
The Property is to be sold with Vacant Possession.
We are seeking unconditional offers subject to contract only for the Freehold Interest of the Site. Offers should be for a fixed amount and unrelated to any other offer.
Section 106 Agreement has now been approved.
The Scheme has no Affordable Housing allocation requirements, nor any Community Infrastructure Levy payments.
?The Brownfield Site had been used for over 60 years as a milk delivery depot and in 2024 Planning Permission was granted to demolish the site and erect a total of 85 large spacious Flats in blocks of two and three storey buildings close to Eastbourne Town Centre.
The Site measures approximately 1.4 acres and comprises a level site with all previous industrial building demolished and cleared from site.
Access is available from Waterworks Road and Stanstead Road.
Planning Consent has been granted via Eastbourne Borough Council under Application Number 230787 - Valid From 27/11/2023 to provide Erection of 85 Residential Flats, together with Access and Parking, associated Open Space and Landscaping, Vehicular and Pedestrian accesses. Further details are available upon request.
All mains services currently serve the site.
Eastbourne is located approximately 30 miles south east of junction 11 of the M23 Motorway which provides a direct link to London and the M25 motorway. In addition the A27 which is 6 miles north of the town provides access to Brighton, Bognor Regis and Portsmouth to the west.
The property is situated approximately 1 mile north east of the town centre fronting onto Waterworks Road with further access from Stansted Road. The area is a mix of residential and industrial uses.
The Vendors have not elected to waive exemption to VAT on the Land, but reserve the right to do so prior to completion.
Each party to be responsible for their own legal fees.
The Property is to be sold with Vacant Possession.
We are seeking unconditional offers subject to contract only for the Freehold Interest of the Site. Offers should be for a fixed amount and unrelated to any other offer.
Property Facts
| Price | £4,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | £52,941 | Costar Property Class | B |
| Sale Type | Investment | Total Plot Size | 1.40 ac |
| Sale Condition | Shell Core | Construction Status | Proposed |
| Tenure | Freehold | Property Size | 51,430 sq ft |
| No. Units | 85 | No. Floors | 4 |
| Property Type | Build-to-Rent | Year Built | 2027 |
| Property Subtype | Apartment | Parking Allocation | 0.56/1,000 sq ft |
| Price | £4,500,000 |
| Price Per Unit | £52,941 |
| Sale Type | Investment |
| Sale Condition | Shell Core |
| Tenure | Freehold |
| No. Units | 85 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | B |
| Total Plot Size | 1.40 ac |
| Construction Status | Proposed |
| Property Size | 51,430 sq ft |
| No. Floors | 4 |
| Year Built | 2027 |
| Parking Allocation | 0.56/1,000 sq ft |
Amenities
Unit Amenities
- Storage Space
- Security System
- Kitchen
- Smoke Free
Site Amenities
- Security System
- Recycling
- Key Fob Entry
- Smoke Detector
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Former Gate Court Dairy Development | Waterworks Rd
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