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Festival Gardens, Telford Land for sale
Festival Gardens, Telford
£80,000
Festival Gardens, Telford
£80,000
Our Summary
- For Sale By Auction at 6
- 30pm on Monday 20th January 2025at the Double Tree By Hilton Hotel, Festival Park, Stoke on Trent, ST1 5BQContact the Auction Team to Register: or
- Subject to obtaining the appropriate planning consents the land has potential for residential development for which a planning appraisal has been commissioned by the client
- The appraisal summarises that there is potential for 4 x semi-detached houses and is available upon request
- The report summarises 'This is an underused and previously developed site in a sustainable location and in this regard, taking into account the Development Plan, the proposed scheme is considered to be compliant with both local and national planning policies and is likely to be supported by the Council subject to detailed design'A Property information pack is available upon request and contains the following:- Planning Pre App Report- Planning Appraisal- BJB Comparable evidence- PhotographsNB: Whilst BJB will try and supply as much information as we can about the planning status of the land / property, please be mindful that we are not planning consultants and accordingly it is important that prospective purchasers ensure they have inspected the land / property and rely upon their own enquiries, assessments and due diligence with regards to the planning status and current or potential uses
- Based on the potential 4no
Description
A development opportunity is being sold by auction in Telford, Shropshire. The site consists of a hardstanding area and seven domestic garages, located behind existing dwellings. The land has potential for residential development, subject to obtaining planning consents, and a planning appraisal suggests a scheme of four semi-detached houses could be feasible. The site is located in a well-established residential area, close to the motorway network and Telford town center. The property information pack includes a planning pre-app report, planning appraisal, and comparable evidence. The estimated gross development value is £900,000, with potential annual rental income of £48,000. The property is being sold freehold, subject to any existing rights of way and tenancies.