None bed Land in Boxshall Court Pound Street, Newbury, RG14 6BP £160,000

Property Ref: 16702 An opportunity to acquire the freehold interest of a residential building comprising 7 long leasehold flats together with an additional unit and associated land located in Newbury. The property presents a compelling opportunity for purchasers seeking a combination of immediate asset management and development potential. The building benefits from full planning permission for the conversion of an existing office unit to residential use Ref 26 00516 PACOU offering a clear and implementable value add opportunity. In addition there is full planning permission for the construction of 2 1 bedroom flats by way of rooftop development Ref 23 02795 FUL providing further potential to enhance value. The existing residential units have been sold off on long leaseholds and the leases are understood to permit development giving purchasers the ability to progress the consented scheme. The property is situated in a well connected and desirable market town with strong demand for smaller residential units making it well suited to both resale and rental strategies. Purchasers should note that the rooftop consent includes parking provision requirements and are advised to make their own enquiries in respect of planning parking and implementation of the consent. Property Type: Land Full selling price: £160000.00 Pricing Options: Offers in the region of Tenure: Freehold Measurement: Bedrooms, Bathrooms and Living room Outside Space: Balcony Parking: Allocated Heating Type: Electric Heating Chain Sale or Chain Free: Chain free ----------------------------------------------------------------------------------------------------