A property on among the best plots on Sandbanks is tipped to promote for £7m – however the purchaser faces spending one other £3m to construct their dream dwelling.
The present home that sits on the water’s edge on the famend Millionaire’s Row was constructed within the Seventies.
The normal form of the six-bedroom dwelling now appears outdated in comparison with the flat-roofed fashionable mansions on the perimeter of the luxury peninsula in Poole Harbour.
With that in thoughts, proprietor Paul Pressland has secured planning permission to demolish 96 Panorama Highway and change it with an architecturally designed, three storey dice home.
In line with CGI plans, the futuristic eight bed room dwelling will again on to the harbour and have its personal boat retailer and personal jetty for direct water entry.
The property developer, who purchased the home in 2003 for £2.7million, is auctioning the property off tomorrow.
It has a information worth of £6m however is prone to go for one more million on prime of that.
A property on ‘Millionaire’s Row’, on among the best plots on Sandbanks, is tipped to promote for £7m
The indifferent six-bed home sits on the water’s edge on the perimeter of the luxury peninsula in Poole Harbour
The present proprietor has planning permission to show the outdated Seventies home into a bigger and extra fashionable constructing
Planning permission has been secured to demolish 96 Panorama Highway and change it with a three-storey cubed home
Positioned on the west aspect of Sandbanks, the posh property can have gorgeous views of Poole Harbour and Brownsea Island past.
If the successful bidder chooses to go forward with the accepted plans, it will price virtually £3m to construct the 8,000sq ft home.
The potential £10m outlay is in line with the worth of essentially the most luxurious mansions on Sandbanks and £3m underneath the present report worth paid for one.
Nigel Nonetheless, of property brokers Stephen Noble which has been advertising the property, stated: ‘It’s in a brilliant place on the west aspect on the peninsula which is thought to be the prime part of Sandbanks as you get the afternoon and night solar and essentially the most excellent views to Brownsea Island.
‘There’s direct water frontage and the ocean there’s extra sheltered and safer and away from the boat site visitors and the rip tide that there’s on the harbour entrance.
The potential £10m outlay is in line with the worth of essentially the most luxurious mansions on Sandbanks and £3m underneath the present report worth paid for one
New homeowners of the property might as a substitute select to rework the home fairly than demolish it
The luxurious property has a surprising view of Poole Harbour and Brownsea Island (pictured)
The designs for the brand new constructing provides coated parking for a number of vehicles and a big driveway
The modern fashionable design of the property shall be in becoming with the neighbouring properties
‘The present homeowners obtained planning consent for a powerful new modern home with the added benefit of uncommon consent for a brand-new jetty and slipway.
‘Alternatively, the brand new proprietor might want to rework the present home.
‘Both method, that is nonetheless a uncommon alternative to amass one of many best plots on Sandbanks.’
Earlier than planning permission was granted, some native residents raised objections that the proposed design was over-development and its raised terraces would overlook neighbouring houses.
Planning permission for a brand new home was granted in 2016 with a situation that constructing work needed to begin inside three years.
Works on the footings commenced however bought no additional. As a result of the venture had technically began, the planning consent would final in perpetuity.
As soon as constructed, the brand new mansion can have 9 bedrooms together with an enormous main bedroom on the highest ground with a dressing room, toilet and balcony. It would have two research, a gymnasium, an enormous open-plan residing space and a solar terrace.
Mr Pressland 55, is from Poole however has been a profitable industrial property developer in London.
The property is being auctioned by Allsop Auctions in London.