Land for sale

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Land for sale

The Maltings, Long Trods, Selby, UK, YO8
£1,850,000

Our Summary

  • In addition, the site benefits from a detailed planning consent for the conversion of the ground, first and second floors to provide a further 18 flats and 2 commercial units, which have the potential to provide an additional gross rental income of between £129,000 to £151,000
  • It is also understood that there may be potential for another 8 flats, 2 duplexes and the development of the carpark to the rear, subject to obtaining the necessary planning consents

Description

This is a rare and exciting opportunity to acquire an income-producing residential investment with detailed planning consent to add additional residential and commercial accommodation. The site, approximately 0.9 acres in size, currently has 23 flats let and producing a gross rental income of £119,000, with the potential to increase this to £151,000 through the conversion of the ground, first, and second floors. Additionally, there may be potential for another 8 flats, 2 duplexes, and the development of the carpark to the rear, subject to obtaining the necessary planning consents. The property is located in Selby, a historic market town in North Yorkshire, with a population of 19,760, and offers easy access to York, Leeds, and Doncaster via the A19 and A63. The town centre provides a range of amenities, including retailers, supermarkets, leisure activities, and schools, and the nearby Selby Park and Selby Canal offer opportunities for relaxation and recreation.
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