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


----------------------------------------------------------------------------------------------------

For viewing arrangement, please get in touch with 99home.



If calling, please quote reference: 16702


GDPR: Applying for the above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property-related information.
*Virtual viewings: Some or all information pertaining to this property may have been provided solely by the vendor/landlord, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you choose to make an offer based solely on a virtual viewing, then 99Home Ltd does not accept any liability for errors in the information provided, including but not limited to, measurements, photography and video content.

AML: To comply with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, AMLTeam.co.uk , who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £20 per buyer, payable direct to AMLTeam . Please note, we are unable to issue a memorandum of sale until the checks are complete.
REFERRAL FEES We may suggest reputable providers of supplementary services, such as Conveyancing, Financial Services, Insurance, and Surveying. If you choose to utilize their services based on our recommendation, we may receive a commission payment or another form of benefit, referred to as a referral fee. It's important to note that you are not obligated to engage with the services of the recommended provider.

*Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
*General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99home and we will be pleased to check the detailing for you, especially if you are contemplating traveling some distance to view the property.
*99home is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.


Fraud warning: We have had reports of fraudulent activities in our industry. DO NOT make any payment directly to the landlord or the seller. Be cautious of emails or messages asking you to transfer funds to any account, please contact us by telephone immediately to verify the authenticity of the communication and under NO circumstances action the request. If you paid any deposit or rent to 99home, we will release the fund to the landlord once you have moved in. Your safety is our top priority.