Property Description

The site extends to 0.08 acre (328.5 sqm) and currently generates an annual income of £340.91 from 5 of the 6 garage plots, one being vacant (total rent received at May 2024). There is a substation included within the site, subject to a lease to the electricity provider granting access rights. Potential for development, subject to the necessary planning consents being obtained and rights of access being retained. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding. We are informed by the sellers that informal pre-app planning advice suggests that as an alternative to the continuance of the existing garage plot and access agreements (subject to any rights that are to remain) the site would be acceptable in principle for infill residential development. However, site constraints would need to be assessed, and more generally in respect of any implications for on-street parking in terms of highway safety, congestion, pedestrian and cyclist accessibility and amenity being worsened as a result of any development. Prospective buyers must make all necessary independent enquiries in this respect prior to placing their bid, as this will be binding.

Occupancy:

Part let/part vacant. Subject to substation lease and garage tenancies.

Note

Please be advised that the auctioneers have not personally inspected the site. Details and photos have been supplied by the seller. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenancy Information

The lot is sold subject to the tenancies referred to in the special conditions in the legal pack. Please refer to clause 8.1.

Location Information

Please refer to the searches provided in respect of drainage and water and coal mining. These indicate the lot is located in a coalfield/mining area. Prospective buyers, particularly those reliant on mortgage financing are advised to make all necessary independent enquiries (such as with their chosen lender, and building insurance provider) prior to bidding, as any bid made will be binding.

Tenure

Freehold

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