The Rising Sun, 1 Mill Road Available

The Rising Sun, 1 Mill Road Wellingborough
NN8 1PE
£495,000
2500 sq ft

Summary

Residential opportunity for a three storey new build residential unit and conversion of the existing public house.
  • Freehold for sale - public house with large car park
  • Potential for up to three storey new build residential plus conversion of public house.
  • Offered for sale on a subject to planning basis.
  • Fantastic opportunity to create new residential investment property.

FLOOR AND SITE AREAS
The existing public house has a total gross internal area of approximately 2,500 sq ft and the freehold site area extends to approximately 0.173 acre.

DEVELOPMENT POTENTIAL
A sketch scheme has been drawn up for the demolition of the single storey extension to the public house, the construction of a part two, part three storey development comprising 14 residential apartments and the conversion of the existing public house into a 10 bedroomed House in Multiple Occupation. The architect's drawing, together with a topographical survey of the site area available.

The proposal is subject to obtaining planning permission.

Location

Prominent corner site with frontage to Cannon Street, Mill Road and York Road, and total frontage to Cannon Street of 53 metres. Situated on the fringe of Welllingborough town centre, in close proximity to all town centre facilities in an area which has been the subject of improvement through redevelopment.

Within walking distance of the railway station providing high speed links to London St Pancras International.

Accommodation

Substantial three storey Victorian public house with attractive features and embellishments occupying a corner location, together with a large walled car park with vehicular access from York Road. The pub has been extended to provide a patio, beer garden and conservatory and provides open plan intercommunicating public bars together with WC facilities on the ground and floor and two storeys of residential accommodation above.

The property has been improved and maintained to a high standard and has considerable charm both externally and internally.

The property has potential for conversion and development to form residential accommodation. There is also potential to retain the public house and to carry out a limited residential development scheme on part of the car park.

Floor Areas

Public House GIA excluding extensions 2,500 Sq Ft 232.25 Sq M

Terms

Freehold with vacant possession. On a subject to planning basis under which contracts will be exchanged on the payment of a non-returnable deposit with delayed completion to allow the buyer time to obtain planning permission. If a satisfactory planning permission is obtained then the sale will complete but if planning permission is refused the buyer will not be required to complete the purchase.

Legal Costs

Each party is responsible for their own legal costs incurred in the transaction.

Services

Viewing

To view and for further details please contact:

Andrew Boulter
Email: ab@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 783001


Tim Bell
Email: tb@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 783005