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Land for sale
Land Adjacent to 76 Winchester Road, Southampton, Hampshire, SO16 6US
£150,000
Land Adjacent to 76 Winchester Road, Southampton, Hampshire, SO16 6US
£150,000
Our Summary
- ** For sale by public auction on 12th December at 12:00 ** Location & Description This 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
- Note Auction Surveyor: Bryn Nettle Contact: bryn
- 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 a unique investment opportunity, offering a secure income stream with an annual rent of £92,300, signed off by the Inclusion Housing Board for a 15-year lease with a 10-year break clause. The property also benefits from zero CIL liability, subject to approval of a Social Housing Relief application, and a 10-year lease with annual rent reviews capped at 4% or CPI. Agreements with Southampton City Council's Integrated Commissioning Unit cover voids and nominations, enhancing the property's appeal for investors and developers. The property has the potential for development, as illustrated by an architect's impression, and is being sold by public auction on December 12th at 12:00.