St. George's Church, Shore Road, Lamlash, Isle of Arran, North Ayrshire, KA27 8JY

A partly-completed residential development site of 14 apartments in a prime location. Considered by many to be the finest road on the island.

Planning permission was granted on 8th February 2012 for the conversion of the church building into 8 split-level apartments and the erection of 6 newly constructed apartments within the extension building. Private parking spaces are provided for all apartments. It is assumed that the development has no onerous burdens or restrictive servitude’s within the title.

Schedule of Accommodation:

All areas are shown in M2

Phase 1 – Former Church Building

Flat Lower Upper Total Description
1 57.8 43.2 101.0 3 Bed Flat
2 33.8 25.4 59.2 1/2 Bed Flat
3 33.8 25.4 59.2 1/2 Bed Flat
4 38.1 33.6 71.7 1/2 Bed Flat
5 38.1 33.6 71.7 1/2 Bed Flat
12 52.9 18.8 71.7 2 Bed Flat
13 54.6 27.2 81.8 2 Bed Flat
14 54.6 27.8 82.4 2 Bed Flat


Phase 2 - Extension Building

Flat Lower Upper Total Description
6 79.2 79.2 2 Bed Flat
7 73.4 73.4 2 Bed Flat
8 79.2 79.2 2 Bed Flat
9 73.4 73.4 2 Bed Flat
10 79.2 32.9 112.1 3 Bed Flat
11 73.4 32.5 105.9 3 Bed Flat


Schedule of Accommodation:

Flats Total Accommodation 1,121.9

Common Areas

51.9 Ground Floor

23.2 First Floor

42.4 Second floor

Common Area Total 117.5

Accommodation Total – 1,239.40


Residential Sales Value

Due to the excellent and exclusive location, we feel demand will be high for these apartments once constructed. We have carried out market research and spoken to a local chartered surveyor and would suggest the following re-sale valuations once completed.

Phase 1 Church Building
1: 3 Bed Flat 101.0 £225,000 Plus Terrace
2: 1/2 Bed Flat 59.2 £155,000
3: 1/2 Bed Flat 59.2 £155,000
4: 1/2 Bed Flat 71.7 £175,000 Plus Terrace
5: 1/2 Bed Flat 71.7 £175,000 Plus Terrace
12: 2 Bed Flat 71.7 £225,000
13: 2 Bed Flat 81.8 £175,000
14: 2 Bed Flat 82.4 £175,000

Phase 2 – New Build/Extension
6: 2 Bed Flat 79.2 £165,000 Plus Terrace
7: 2 Bed Flat 73.4 £160,000 Plus Terrace
8: 2 Bed Flat 79.2 £160,000
9: 2 Bed Flat 73.4 £155,000
10: 3 Bed Flat 112.1 £225,000
11: 3 Bed Flat 105.9 £215,000

Total GDV = £2,535,000

Services:
We believe that water is currently available on the site and all other main services are located in the vicinity of the site. There are residential dwellings in the locale, which all have access to services. However, prospective purchasers should make their enquiries with the appropriate service providers.

Information Pack:
Further information, which includes supporting surveys, planning drawings and decision notice is available upon request.