A freehold site equivalent to 0.11 acres, part let (advertising hoarding) producing £5000 pa. Development potential, subject to planning.

---

Description/Location

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. Potential for residential development, possibly 2 x 3 bedroom semi-detached dwellings - the indicative drawing is for guidance purposes, planning will be required to build the properties.

Tenure

Freehold

Viewing

Network Auctions - 020 7871 0420

Rent

Current Rent: £5000 pa

View Larger Map

View larger map on Google Maps.

*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.