Summary - 11A HIGH CROSS STREET ST. AUSTELL PL25 4AB
1 bed 1 bath Commercial Development
High-yield redevelopment plot with approved plans for 34 apartments and parking.
Freehold three-storey stone building with large rear yard and parking
A substantial freehold redevelopment opportunity in central St Austell, offered with a mix of existing consents and permitted development rights for residential use. The front three-storey stone building benefits from consent to create 10 apartments, while the rear former sorting rooms and yard have approval for 24 new-build units. Total internal area and plot size deliver strong density potential for a single-phase or phased conversion and new-build scheme.
This property suits investors or residential developers seeking a brownfield town-centre yield play. On-site off-street parking and direct street access from High Cross Street and East Hill simplify servicing; mobile signal and broadband are good. There are no flood risks recorded and the construction is robust stonework, though significant refurbishment, partial demolition and new-build works will be required to deliver the permitted schemes.
Buyers should note material drawbacks: the area has high crime levels and above-average deprivation, the scheme relies on the implementation of multiple planning approvals and construction budgets will be substantial. There are no private gardens and urban views only. Viable delivery will require budgets for complete fit-out, site clearance of derelict yard areas and an appropriate security and management plan post-completion.
For the right developer the site offers scale, centrality and an immediate planning history that reduces planning risk compared with an unconsented plot. Financial modelling should allow for remediation, build costs and management of town-centre project logistics before expected rental or sales income is realised.
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