The peacock Hotel, Main Street, Sutton-in-Ashfield, NG17 2QW

For sale by Online Auction - 28th ofOctober 2026 rare development opportunity 22-unit residential scheme east midlands tcpa East Midlands are pleased to present this rare and highly attractive residential development opportunity comprising a proposed scheme of 22 self-contained flats, occupying a prominent and potentially desirable location.

The opportunity offers investors and developers the potential to acquire a high-gdv residential development, with an indicative Gross Development Value (gdv) of approximately £2.4 million and indicative development costs in the region of £900,000.

On the basis of these indicative figures, the scheme may offer an attractive development proposition, subject entirely to satisfactory due diligence, final build costs, finance, market conditions and achievable end values.

Key Investment Highlights 22-unit residential development opportunity Prominent location within the East Midlands Planning permission approved, subject to the requirements of the Section 106 Agreement Section 106 obligation to be cleared by the Vendor, subject to the agreed transaction terms Indicative gdv of approximately £2.4 million Indicative development costs of approximately £900,000 Potentially attractive development margin, subject to detailed feasibility and due diligence Strong potential exit strategy, with the Vendor reporting interest from social housing providers Potential opportunity for investors to consider multiple exit routes, including open-market sale, institutional/social housing disposal or alternative investment strategies, subject to market appetite and applicable requirements 56-day completion available Pre-auction offers will be considered Investment Rationale The combination of an established planning position, a substantial residential unit count and potential interest from social housing providers creates an opportunity that may appeal to experienced developers, investors and housing operators.

The proposed scheme provides the potential to create significant residential value from the existing planning position, while the reported interest from social housing providers may provide an additional potential exit strategy for a purchaser.

Early engagement is recommended for parties seeking a development opportunity with the potential for multiple exit options.

Important notice / disclaimer The figures relating to gdv, development costs, potential returns, unit values and other financial information are indicative estimates only and should not be relied upon as representations, warranties or guarantees of actual performance.

Tcpa East Midlands makes no warranty or representation as to the accuracy or completeness of any stated figures, gdv, costs, valuations, demand or potential returns.

All purchasers are strongly advised to undertake their own independent legal, planning, financial, technical, environmental and valuation due diligence, and to satisfy themselves fully as to the viability and suitability of the opportunity prior to submitting an offer or entering into a binding agreement.

Any reference to interest from social housing providers is subject to independent verification and should not be interpreted as a commitment to acquire the development or enter into any agreement.

Planning permission is understood to have been approved subject to Section 106 requirements, with the Vendor proposing to discharge/settle the relevant obligation in accordance with the agreed sale terms.

Purchasers should obtain independent confirmation of the planning position and all associated obligations.

Prospective purchasers should rely solely on their own investigations and professional advice when assessing this opportunity.

Unconditional lot Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged.

The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.

The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).