Marjorie Cobbie House - Former Care Home

Residential Development Opportunity – Former Marjorie Cobbie House, Selsey, West Sussex

A 0.8 acre redevelopment opportunity comprising the former Marjorie Cobbie House care home, situated off St. Peter’s Crescent in Selsey, within a short walk of the high street and approximately 1 mile from the seafront. Planning permission has been granted for conversion, extension and reconfiguration to create 20 dwellings (18 x 2-bed and 2 x 1-bed apartments plus 2 x 2-bed houses), offering flexibility for open market sale, private rental or potential holiday/short-stay use in this established coastal location. Estimated rental income has been guided at around £280,000 per annum, with independent GDV indications in the region of £5.0m–£5.25m, subject to purchaser verification.

• Size:  Site approx. 0.8 acres; existing GIA approx. 15,597 sq ft (1,449 sqm); proposed GIA approx. 16,340 sq ft (1,518 sqm)
• Use: Former care home
• Planning: planning consent for conversion and additions to provide 20 residential dwellings (18 x 2-bed apartments, 2 x 1-bed apartments, 2 x 2-bed houses)
• Transport: Direct access from St. Peter’s Crescent; approximately 5-minute walk to Selsey High Street amenities and around 1 mile to Selsey seafront/beaches.

Availability

• Status: Development opportunity available for purchase, subject to contract and contractually agreed completion terms.
• Price: Guide price £1,350,000