Property description

A Freehold cleared and level site offered with the benefit of full planning approval for the construction of a 27 student bedroom scheme, comprising of two large 7 bedroomed terraced houses and 3 apartments (1 x 2 bedrooms, 1 x 4 bedroom and 1 x 7 bedroom).

Planning Reference No: 14F/0862

When completed the gross rental income would be in excess of £120,555 per annum based on 27 rooms at £95pppw over 47 weeks.

GUIDE PRICES & RESERVE PRICES

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Property Features :

• Sutton Kersh Are Pleased To Offer For Sale By Public Auction On : 03-Nov-2016
• Lot Number : 70
• REDEVELOMENT OPPORTUNITY WITH PLANNING PERMISSION TO ERECT A 27 BED STUDENT SCHEME
• Development Opportunities