DESCRIPTION :

Located at the end of a cul-de-sac within the context of a built residential area, an opportunity to acquire a substantial development site with detailed planning permission for an attractive two storey block to form five apartments with associated off road parking.

The approved plans illustrate 4 x two bedroomed units and 1 x one bedroomed unit.  The auctioneers understand that the vendors have secured a £500 deposit for each unit from an investor to purchase at a total built value of £456,000 (4 x £93,000 and 1 x £84,000). 

PLANNING DETAILS :

The site has the benefit of detailed planning consent granted by Ashfield District council under reference 2006/0890 dated 17^th April 2007.  A copy of the decision notice and drawings are available from the auctioneers upon request.

If constructed in accordance with the plans, each of the larger units will comprise an entrance hall with store cupboard off, lounge with kitchen area, bathroom, two bedrooms and the smaller first floor unit will comprise an entrance hall, lounge with kitchen area, bedroom and bathroom.  Externally there is a central access through to rear parking, an enclosed bin store and meter room. 

For Sale by Auction: Thursday 6th September 2007

At Pride Park Stadium, Derby

Commencing at 12.30pm

www.grahampenny.com