Royal Crescent Road, Southampton, SO14 3TT, UK

Royal Crescent Road - Southampton - Site Sale

Descrição do ativo

In March 2024 planning approval (23/00649/FUL) was obtained for a Co-living development in Southampton city centre.
The consented scheme comprises 397 Co-living units spread across a 17-storey tower, 7 story stack and 5 story base.
The proposed development benefits from an efficient unit mix and includes a generous allocation of communal amenity space (3.1 m2 per unit), incorporating a gym, café, workspace, and extensive communal terraces (1.5m2 per person).
The Site measures 0.47 hectares and is centrally located on Royal Crescent Road, just an 10-minute walk to the city centre and in close proximity to local amenities, Southampton University and many major employers.

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Área de terreno bruta

0,47 ha

Camas

397

Permissão de planejamento

Consented

Chaves

397

Número de unidades

397

Freehold development opportunity in prime location - Just 10 minutes' walk from city centre, close to amenities and major employers
The total site area extends to approx. 1.16 acres (0.47 hectares)
Fully consented scheme for 397 Co-living units (ranging from 18.5 – 27 sqm)
Generous provision 3.1 sqm of internal amenity per unit and 2.7 sqm of external
Designed to BREEAM Excellent standards with focus on sustainability
Strong market fundamentals with a growing young population and undersupply of quality rental housing
Robust rental growth - 31% over past 5 years and 9.1% in last year alone

Diversified demand drivers - Students, young professionals and corporate lets