Offers in Excess of £100,000
Fantastic development / investment opportunity.
Fantastic development / investment opportunity. Looking for a commercial property and / or a small residential development to sell on or to rent out?
We are offering for sale (cash offers only) a large end terrace property that has had previous planning permission (Application No: A/18/85038/FULL) to demolish the existing two storey property and incorporate the vacant land at the junction with New Street and Millers Lane. The replacement building will be built on the footprint of the existing building it will replace and extend to the adjacent vacant land extending up to the back of pavement. The new development will provide retail A1 premises at ground floor and two individual, one bedroom apartments at the first floor level.
Alternatively our clients have had an architect revise this scheme to create 6 one bedroom self-contained apartments which would achieve rental incomes of between £425 - £450 PCM generating an annual income of up to £32,400 and providing a very healthy yield although this has never been submitted to planning.
Please note that current planning has lapsed (giving buyers a blank canvas) and the property has been priced accordingly.
We are advised that the property is leasehold on a long term lease (999 years from when it was built) and is available with no chain delay.
Viewings are available by appointment.
|Council||Band A||Band B||Band C||Band D||Band E||Band F||Band G||Band H|
|South Ribble Borough Council||£1,014.34||£1,183.41||£1,352.47||£1,521.52||£1,859.63||£2,197.76||£2,535.86||£3,043.04||Website|
|Chorley Borough Council||£1,003.58||£1,170.85||£1,338.11||£1,505.37||£1,839.89||£2,174.43||£2,508.95||£3,010.74||Website|
All council Tax Bandings are indicatory. Please check the precise banding for a property of interest.