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25A Whitehill Rd 17.8 Acres of Residential Land Offered at $6,509,693 CAD in Glenrothes KY6 2RW

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INVESTMENT HIGHLIGHTS

  • Brownfield development site
  • Rare opportunity to acquire substantial site within Fife
  • Planning permission granted for development of 200 residential units

EXECUTIVE SUMMARY

Factors To Consider: demolition quotes have been obtained by our client ranging from £400,000 to £440,000. These can be provided to all seriously interested parties. Crushed material can be used to provide net saving. Bat surveys recently completed. Access road already in place resulting in significant development cost savings. 5-year consent from 23rd December 2022. Separate access from commercial users and landscaping to buffer residential site from commercial users. Requirement for 9 Affordable Housing units. Off Site contributions – Section 75 Agreement for £113,279.
Planning permission in principle has been approved for the development of up to 200 residential dwellings. These will comprise a mix of predominantly detached and semi-detached properties and a small number of residential apartments which will be two and three storey in height. Further details available on Fife Council website and the vendor has provided a data room with the relevant information.

ATTACHMENTS

Brochure

PROPERTY FACTS

Price $6,509,693 CAD
Sale Type Investment
Tenure Freehold
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 17.80 AC

1 LOT AVAILABLE

Lot

Price $6,509,693 CAD
Price Per AC $365,713.11 CAD
Lot Size 17.80 AC

There is approximately 120,000 sq. ft. of derelict industrial buildings located upon the land whilst the remaining industrial units within the centre of the estate have been separately disposed of to owner occupiers and investors.

DESCRIPTION

The site is in a mixed-use area approximately 1.8 km southeast of the Town Centre. Access is off Golf Course Road where surrounding occupiers comprise the existing Whitehill Industrial Estate, Inch Dairnie Distillery, Fife Airport and the Golf Course. This is an urban setting with excellent commuter links. The site comprises a brownfield site forming part of the Whitehill Industrial Estate which dates from the 1960’s. An area of 7.2 hectares has been identified for residential development. There is approximately 120,000 sq. ft. of derelict industrial buildings located upon the land whilst the remaining industrial units within the centre of the estate have been separately disposed of to owner occupiers and investors.

  • Listing ID: 29436480

  • Date on Market: 2023-09-04

  • Last Updated:

  • Address: 25A Whitehill Rd, Glenrothes KY6 2RW

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