Development Site for Auction Lancashire BB6 £25,000 to £30,000

A plot of land extending to approximately 437 sq m (523 sq yds). on which is situated 7 garages, all let with a passing rent of £175 per annum (£1,225pa in total). The tenancies renew for a 12 month period annually in October and can be terminated with two months' notice. Subject to securing vacant possession and gaining the necessary planning consents, the plot may represent a residential development opportunity: plans have been drawn up outlining a proposed bungalow.