Floorplans
Auction Guide £275,000+
THIS PROPERTY HAS NOW BEEN SOLD PRIOR TO AUCTION
Superior corner property with a very large car park offering significant development potential to extend the existing building across the car park, convert into flats, demolish and build a purpose built block of flats or use as a large family home (SPP).
The building is currently rented out under the terms of an IRI lease at a passing rent of £20,000 per annum from 24 March 2022 for a period of 2 years expiring on 24 March 2024. Importantly, the lease has been excluded from The 1954 Landlord & Tenant Act therefore the current tenants do not have any automatic rights of renewal when the lease expires.
Property details
- Auction Date: 22nd September 2022
- Freehold Detached Commercial Investment
- Significant Development Potential (SPP)
- Let until 24 March 2024
- Lease Excluded From L&T Act
- Current Rental Income of 20,000 Per Annum
- Very Large Car Park
- EPC: E
- THIS PROPERTY HAS BEEN SOLD PRIOR TO AUCTION
Auction Guide £275,000+
THIS PROPERTY HAS NOW BEEN SOLD PRIOR TO AUCTION
Superior corner property with a very large car park offering significant development potential to extend the existing building across the car park, convert into flats, demolish and build a purpose built block of flats or use as a large family home (SPP).
The building is currently rented out under the terms of an IRI lease at a passing rent of £20,000 per annum from 24 March 2022 for a period of 2 years expiring on 24 March 2024. Importantly, the lease has been excluded from The 1954 Landlord & Tenant Act therefore the current tenants do not have any automatic rights of renewal when the lease expires.
