Land with Planning for Auction Southampton SO16

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Auction date: Tue, 29/10/2024 - 12:00

Guide Price £160,000+. This freehold parcel of land offers a unique investment opportunity, featuring a secure income stream with an annual rent of £92,300, signed off by the Inclusion Housing Board including a 15-year lease, providing long-term stability, with a 10-year break clause offering flexibility. On 22/08/2022, planning permission grante for: "Partial adjustment of site levels and construct part 2/part 4 level building with roof terrace, for use as specialist supported accommodation of mixed use (Class C2/C3) comprising 5 x 1 bed flats, with associated enclosed garden, communal accommodation and staff office, bin and bicycle stores and parking, following removal of existing poster hoardings."

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