27-29 Church Rd 5,112 SF Retail Building Old Leake PE22 9NS £175,000 (£34.23/SF)
INVESTMENT HIGHLIGHTS
- Central location within the large village of Old Leake
- Good transport links
- Close to a good range of local amenities
EXECUTIVE SUMMARY
The property is available For Sale Freehold, with vacant possession on completion.
The property will be sold with an overage in place, under which, if the purchaser or a successor in title is able to secure Planning Permission for an additional new build residential development on the land to the rear, then a payment will be due on implementation of this Planning Permission, equating to 50% of any uplift in value
arising from the grant of the Planning Permission. This will last for a period of 20 years following completion of the purchase.
The property will be sold with an overage in place, under which, if the purchaser or a successor in title is able to secure Planning Permission for an additional new build residential development on the land to the rear, then a payment will be due on implementation of this Planning Permission, equating to 50% of any uplift in value
arising from the grant of the Planning Permission. This will last for a period of 20 years following completion of the purchase.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
5,112 SF
Building Class
C
Year Built
1700
Price
£175,000
Price Per SF
£34.23
Tenancy
Single
Number of Floors
2
Frontage
56 ft on Church Road
AMENITIES
- EPC - C
- Storage Space
1 of 1
