Phildraw Road, Ballasalla
Asking price: £1,950,000

An exceptional opportunity to acquire a substantial 6.80 acre development site situated in the highly sought-after Phildraw Road area, conveniently located close to the centre of Ballasalla.

The site offers significant potential for the development of executive residential dwellings in an attractive and established location. Planning Approval in Principle for the erection of three dwellings has previously been granted on five occasions since 2003, most recently in 2016 under Planning Reference 16/00867/A.

The vendors have historically submitted planning applications to retain the benefit of residential development potential, although they did not intend to proceed with the construction themselves. The most recent planning permission has now expired, and any future development will be subject to the necessary planning consents.

Given the site's established planning history, there may be potential to secure renewed planning consent for a similar residential scheme, subject to the relevant planning process, current planning policies and any other necessary approvals.

The vendors may also consider splitting the site into individual plots, offering flexibility for prospective purchasers and developers.

This represents a rare opportunity to acquire a substantial development site in a desirable location, with an established history of residential planning approvals and excellent potential for future development.