Land on the south side of The Street, Rustington, Littlehampton, West Sussex, BN16 3NL

Description

An opportunity to acquire a well-positioned parcel of land in the highly sought-after coastal village of Rustington, along The Street. The land presents potential for a variety of uses, subject to the necessary planning consents. The site is close to Rustington village centre, the seafront, the A259 and nearby mainline railway stations. The County Council, as Highway Authority, has a duty to assert and protect public rights to use and enjoy the highway under Section 130 of the Highways Act 1980. Any purchaser should contact the highway authority before carrying out development, including fencing or obstructing the land or removing anything currently on it. The vendor is a connected party under the Estate Agents Act 1979.

Accommodation

Parcel of land

Location

Rustington is a coastal village and civil parish in the Arun District of West Sussex. It is approximately midway along the West Sussex coast between Chichester and Brighton. The A259 provides access to Littlehampton, Bognor Regis, Chichester, Worthing and Brighton. Rustington shares Angmering railway station, with services to Brighton, Portsmouth/Southampton and London. Bus services to Brighton and Portsmouth are provided by the Coastliner 700.

Investment Analysis

The evidence supports only a guide price of £1,000 for a land parcel. The supplied sold comparables are nearby buildings, not comparable land transactions, and do not establish land value or development value. No planning consent, site area, access details, services, tenure, lease, or relevant land comparable is supplied. A reliable GDV, works budget or maximum bid cannot therefore be calculated.

Investment Snapshot

Strategy Recommendation

Treat as a highly speculative land purchase only. Obtain the legal pack, title, site area, access and services information, investigate planning and highway constraints, and bid only after independent land/planning due diligence.

Works Required

No works are quantifiable from the evidence. Any fencing, obstruction, removal of existing items or development would require investigation of highway rights, planning and other necessary consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be assessed. There is no evidenced residential or income-producing use, planning consent, GDV, refurbishment budget or refinance value.

Buy-to-Let Analysis

BTL analysis is not applicable on the supplied evidence. No dwelling, consented use or sufficiently specific rental comparable is identified, so rent and yield cannot be established.

Flip Analysis

A flip calculation cannot be supported. The nearby sales relate to completed buildings and are not evidence of this parcel's resale or development value. No supported selling allowance or project cost is available.

Investor Risks & Due Diligence

• Development or other proposed uses are subject to necessary planning consents.

• The County Council may assert and protect public rights over the highway, creating potential constraints on fencing, obstruction, removal or development.

• Buyer’s Premium applies and additional fees may be payable, but the amounts are not supplied.

• The vendor is a connected party under the Estate Agents Act 1979.

• No tenure, lease, occupancy or title information is supplied.

• The supplied sold comparables are buildings and may not represent the value of the land parcel.

Recommendation

Treat as a highly speculative land purchase only. Obtain the legal pack, title, site area, access and services information, investigate planning and highway constraints, and bid only after independent land/planning due diligence.

Strategy Rating

Analysis Confidence

The evidence lacks site area, title or tenure, planning status, access and services details, land comparables, development appraisal, rental evidence, costs and the applicable buyer premium or other fees.