Land

This investment opportunity comprises a freehold property with a residential and commercial component, as well as a parcel of land with potential for development. The property includes two residential flats, one with a 2-bedroom layout and a 700ft top-floor balcony, and the other with a 1-bedroom layout and a private balcony. Both flats are let on assured shorthold tenancies (ASTs) for £1,350 and £1,250 per month, respectively. The freehold property consists of 10 residential units and 3 commercial units, with a 125-year lease and a peppercorn annual rent. The land at the rear has lapsed planning permission for six self-contained offices, providing potential for future development, subject to the usual planning consents.