Land for sale

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Land for sale

Festival Gardens, Telford
£80,000

Our Summary

  • For Sale By Auction at 6
  • 30pm on Monday 25th November 2024 at the Double Tree By Hilton Hotel, Festival Park, Stoke on Trent, ST1 5BQContact the Auction Team to Register:[use Contact Agent Button] or [use Contact Agent Button]
  • 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

The property for sale is a plot of land with 7 freestanding garages located in the Arleston neighborhood of Telford. The site has potential for residential development, with a planning appraisal indicating a scheme of 4 semi-detached houses could be feasible. The land is situated near the motorway network and Telford Central railway station, with amenities such as shops and supermarkets nearby. The property is being sold freehold, subject to existing rights of way and tenancies, and has an estimated GDV of £900,000 and annual rental income of £48,000. The planning status of the site is subject to obtaining the necessary consents, and potential buyers are advised to carry out their own due diligence and enquiries.
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