This development land is up for auction on January 13th and 14th, with a total area of 379 square meters. The site has lapsed planning permission for the construction of five apartments, with an estimated gross development value of £400,000 and a gross rental value of £37,080 per annum. The proposed scheme includes a mix of one and two-bedroom flats, with estimated rental yields ranging from £550 to £650 per month. The property is situated in a desirable area with good transportation links, and is being sold freehold with an administration fee and buyer's premium payable on exchange of contracts. Potential buyers are advised to conduct their own enquiries regarding the development potential and any necessary consents or rights over the land.