Land

A development opportunity is being sold by unconditional online auction, with a guide price of £200,000 plus 5% buyer's premium and VAT. The property is a 0.14-acre plot of land with planning permission granted for the construction of 10 residential apartments and 2 commercial units. The land is part-leasehold with 101 years remaining on the lease, and the service charge is only £25 per annum. The property is located in a sought-after area of Sheffield, close to the city center and the University of Sheffield, and is expected to generate strong returns due to high demand for modern rental accommodation from students and young professionals. The auction conditions require a 5% deposit and a 5% buyer's premium, with contracts exchanged 28 days after the auction. The seller is open to considering pre-auction offers prior to the auction date.