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Redevelopment Opportunity for Auction Milton Keynes MK2
Guide Price:
£715,000
Auction Date:
18/09/2024
Property Types
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.
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