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Greenhall Road, Gorebridge EH23 Land for sale
Greenhall Road, Gorebridge, EH23 4AW
£325,000
Greenhall Road, Gorebridge, EH23 4AW
£325,000
Our Summary
- **Comparable properties in the area have demonstrated considerable potential for development and investment, supporting a Gross Development Value (GDV) of approximately £5
- **(Sales Evidence: 6, South Quarry Drive, Gorebridge EH23 4GS sold for £237,000 and 1, Whitehouse Road, Gorebridge EH23 4FF sold for £235,000) This plot offers incredible rental income potential
- Subject to the necessary planning and consents, the site may be suitable for storage containers, industrial use, or commercial yard space
- This makes it an enticing prospect for developers and investors alike
- This plot offers incredible rental income potential
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
- Subject to the necessary planning and consents, the site may be suitable for storage containers, indu
- • This plot offers incredible rental income potential
- •**Comparable properties in the area have demonstrated considerable potential for development and investment, supporting a Gross Development Value (GDV) of approximately £5
- •*Comparable properties in the area have demonstrated considerable potential for development and investment, supporting a Gross Development Value (GDV) of approximately £5
Description
This prime 2.34-acre plot of land in Gorebridge offers a rare investment opportunity with significant potential for development and rental income. Comparable properties in the area have achieved a Gross Development Value (GDV) of approximately £5.0m-£7.5m, and the site itself could generate a gross rental income of £360,000-£720,000 per annum with a completed scheme of 20-30 units. The land also has potential for alternative uses such as storage containers, industrial use, or commercial yard space, offering investors the chance for immediate and flexible income generation. With its prime location and identified planning policy, this property is an enticing prospect for developers and investors alike, and is being offered at a fantastic discount to ensure a sale.