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Land for sale
The Whole | The Kerrison Portfolio, Thorndon, Eye, Suffolk, IP23
£4,000,000
The Whole | The Kerrison Portfolio, Thorndon, Eye, Suffolk, IP23
£4,000,000
Our Summary
- A significant residential portfolio of let property with extensive land and further strategic holdings representing an excellent investment opportunity
- Part of the land has received planning permission for residential development
- The planning application reference number is 1716/09
- The planning permission is for a close of six 3 bedroom houses
- The Vendor will benefit from 30 % of any uplift in the Market Value of the land if Planning Permission or Permitted Development results in an alternative use
- The valuation date will be the date of planning permission and the Overage will be effective for 30 years from the date of completion of the sale
Description
The Kerrison Portfolio presents a unique investment opportunity, comprising 16 residential properties, extensive grassland, and strategically positioned land. The portfolio generates a gross return of £166,788, with 15 of the residential properties let on Assured Shorthold Tenancies and one on an Assured Tenancy. The properties are situated adjacent to the River Dove, with some showing signs of structural movement. The land includes a parcel with planning permission for residential development, as well as a block of pasture land and a small block of amenity woodland. The portfolio is located in the village of Thorndon, with nearby access to the market towns of Eye and Diss, and a main line rail link to Norwich, Ipswich, and London.