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For Sale - -Land at Great Hales Street, Market Drayton, TF9 1JW

£550,000

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•0.76 acres (0.3093 hectares) •Rental income from an existing tenancy of part of the site •Ground floor sales area 46.07 sq m / 505 sq m •Planning consent granted in 2010 (now lapsed) for the erection of 14 dwellings (ref 07/00460/FUL) •Situated in a town centre location close to local amenities

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Property Full Details

LOCATION
The property is situated in the town centre of Market Drayton adjacent to the junction of High Street and Great Hales Street. This is an area of mixed development which is becoming primarily residential.

DESCRIPTION
The property comprises a former garage site which is largely undeveloped with a former office building fronting Great Hales Street and a workshop at the rear of the site.

Planning Consent was originally granted in 2007 and extended in 2010 for a residential development of 12 houses and 2 flats. The site area has been extended slightly to include more land and the total site now is approximately 0.76 acres (0.3093 hectares).

SERVICES
Services
We understand that mains water, electricity, gas and drainage services are available to the site.

TERMS
The property is of freehold tenure.

The workshop to the rear which is let at a rent of £5,000 per annum exclusive. This letting is on a business tenancy on a periodic basis.


Price
£550,000

OUTGOINGS
Business Rates
The vacant offices at the front of the site have a rateable value of £5,800. The tenanted unit at the rear of the site has a rateable value of £10,000.

PLANNING
Site Investigation Reports
Ground investigation reports were carried out in connection with a previous planning permission, some of these may be available to prospective purchasers.

Development Opportunity
The site is an ideal redevelopment opportunity subject to statutory consents. The obvious use would be for a residential development although as the site lies close to the town centre there may be a possibility of some commercial activity.

VIEWING
As there is a tenant in occupation of part of the site all viewings must be carried out through Barbers

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