Land for sale

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Land for sale

Vinehall Road, Robertsbridge, TN32
£1,750,000

Our Summary

  • An attractive complex of period buildings that comprise five units let under Assured Shorthold Tenancies with planning permission in place Ref: RR/2002/2991/P to convert four additional units
  • All the converted units offer potential and are presented in reasonable order with gas central heating, parking and gardens
  • The four unconverted units have planning permission to create three 1 bedroom units and one 2 bedroom unit
  • The existing buildings are arranged around an attractive courtyard that provides parking and an additional driveway leads round to a further section of ground where there is additional parking and a large area of level lawn that may offer some potential, subject to any necessary consent
  • This is an interesting development opportunity that not only offers the opportunity to create additional dwellings but also to improve and upgrade the existing properties and enhance the rental yields

Description

An attractive complex of period buildings comprising five units let under Assured Shorthold Tenancies, with planning permission to convert four additional units. The existing properties are let and generate a below-market rental income of £53,340 per annum, while the unconverted units have planning permission to create three 1-bedroom and one 2-bedroom units. The properties are arranged around an attractive courtyard and offer gas central heating, parking, and gardens. The opportunity exists to improve and upgrade the existing properties, as well as to create additional dwellings, making this a development opportunity with potential to enhance rental yields.
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