Redevelopment Opportunity for Auction Milton Keynes MK2

Guide Price £715,000 - £765,000. A chance to purchase a re-development opportunity WITH FULL PLANNING PERMISSION offering two ground floor commercial units and five apartments to the first floor and a duplex with independent access. The property currently offers approximately 4,250 sq ft of internal floor space with on-site parking for 10 vehicles. A 15-YEAR LEASE HAS BEEN AGREED FOR THE GROUND FLOOR COMMERCIAL UNITS GENERATING £45,000 P.A. Once renovated these premises should generate £108,000 p.a. with a GDV of circa £1,400,000.