Key features

Part of the title is rented for advertising boarding at £5000 per annum
Plans available for 2 three bed semi detached houses
Freehold
0.11 Acres

Description

An income producing Freehold site – Potential for residential development, possibly 2 x 3 bedroom semi-detached dwellings (plans ready to submit)

A freehold site equivalent to 0.11 acres, Part of the site let (advertising boarding) producing £5000 pa. (This wont effect the build site and is positioned seperateley

The site comprises 2 titles with vehicle access via Mount Pleasant and pedestrian access from Chatham Hill.

Part of the site is let to Space Outdoor Ltd for 25 years from 21/07/2020 at £5000 pa.

The site extends to 456 sqm and is adjacent to residential dwellings.
Planning:
Planning for a block of 4 flats with a footprint of 209 sqm was refused on 23/02/2022 Ref: MC/21/0537.

An alternative scheme for 2 x semi detached houses of approximately 80 sqm has been prepared following further discussions with planning. The indicative drawings show 2 x 3 bedroom, split level dwellings with provision for parking.

There is a brick-built outbuilding with forecourt fronting Chatham Hill included in the sale, offering potential for repair and letting out for additional income.

Please contact the auctioneer for a full legal pack

Pre-auction sales are invited. The land is sold on an unconditional basis, purchasers considering alternative uses or even development are deemed to rely upon their own enquiries.

Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation.

These details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract, or commit expenditure. An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments.