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Land for sale
Winchester Road, Southampton SO16
£150,000
Winchester Road, Southampton SO16
£150,000
Our Summary
- * For sale by public auction on 12th December at 12:00 *Location & DescriptionThis freehold parcel of land offers a unique investment opportunity, featuring a secure income stream with an annual rent of £92,300, signed off by the Inclusion Housing Board including a 15-year lease, providing long-term stability, with a 10-year break clause offering flexibility
- Additionally, there is zero CIL (Community Infrastructure Levy) liability, subject to the approval of a Social Housing Relief application
- NoteAuction Surveyor: Bryn NettleContact:[use Contact Agent Button] [use Contact Agent Button]The main photo and the two small photo's on the right are an architects impression, supplied by vendor, illustrating a potential development design
Description
This freehold parcel of land is being sold by public auction on December 12th and offers a unique investment opportunity with a secure income stream of £92,300 per annum from a 15-year lease with a 10-year break clause. The property has zero CIL liability, subject to approval of a Social Housing Relief application, and agreements with Southampton City Council's Integrated Commissioning Unit cover voids and nominations. The property is ideal for both investors and developers, with the potential for development illustrated by an architect's impression supplied by the vendor.