Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a freehold land parcel of 0.28 acres (0.11 hectares) with approved full planning consent for 3 x Two Bedorom Houses.
Arranged as a triangular site, the property currently includes three billboards which are let on a license to a single tenant, terminable at 6 months notice, producing £2,625 per annum. The property therefore provides a positive cash flow until the commencement of any development.
The property benefits from a frontage to Hall Road, an arterial route in an established residential area outside of Norwich. The surrounding area is characterised by similar residential uses and is popular with families and professionals.
Tenure
Freehold
Tenancy
The billboards on the site are currently let to Sky Outdoor Limited on a licesnse terminable at 6 months notice and paying £2,625 per annum.
Planning
The property has approved planning consent (Reference: 24/00374/F) for the removal of the billboards and development of 3 x two bedorom houses.
Rent
Notes
The property is elected for VAT.