Auction lot with lapsed consent for 28 apartments and retail units.
Freehold development plot of approximately 0.39 acres (16,989 sq ft)
An unusually large freehold development plot in Sutton-in-Ashfield town centre, offered at auction with vacant possession. The triangular site extends to approximately 0.39 acres (16,989 sq ft) and previously benefited from planning consent for 28 apartments and two retail units (consent lapsed October 2018). That consent indicates clear development potential, subject to local authority re-engagement or a fresh application.
The site includes a derelict Victorian building and overgrown garden areas that will require clearance and renovation or demolition, so budget for demolition, refurbishment, or full rebuild costs. The area benefits from excellent mobile signal and fast broadband, town-centre amenities, and reasonable road links to the M1, but the local area records high crime and very high deprivation—factors to consider for rental demand, lettings strategy and lending assessments.
Important transactional notes: sale is unconditional freehold at auction on 5 November 2025; purchasers must complete by or before 23 January 2026. An administration charge of 1% + VAT of the purchase price will be collected on completion by the seller. Interested parties should verify current planning prospects with the local planning authority and factor in site clearance, remediation and any requirements revealed by surveys.
This plot will suit developers or investors able to manage planning risk and carry pre-construction costs. The lapsed consent offers a useful planning precedent, but bidders should allow time and budget for re-submission, viability checks, and security measures given local conditions.
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