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GJS DILLON ACHIEVES £1+ MILLION PER ACRE FOR A WORCESTER RESIDENTIAL SITE

Worcestershire commercial property consultancy GJS Dillon LLP has achieved more than £1 million per acre for the sale of a site for new housing in Worcester.

On behalf of family trust clients, GJS Dillon, which has offices in Worcester and Bromsgrove, disposed of a freehold residential building land site at Pope Iron Road, Worcester, which had the benefit of a detailed planning permission for redevelopment with three town house and three apartments.

GJS Dillon Partner Phillip Jones achieved a price of £270,000 for the 0.25 acre site, equivalent to £1.08 million per acre in the sale to a local company.

He said: “The sale of this land, for which we had a number of offers, shows that well located, small, central residential sites continue to have an active market in Worcester.”

Formed by a merger of Guise Jones Sawyer and JP Dillon, with offices in Worcester and Bromsgrove, GJS Dillon LLP is a firm of Chartered Surveyors which offers a comprehensive commercial property service, and unrivalled geographical coverage, throughout Worcestershire and along the M5 and A38 corridors. GJS Dillon can be contacted by telephone on either tel. 01527 872525 or tel. 01905 28684 or by email: info@gjsdillon.co.uk.