Residential development opportunity
Property is presently let as individual units
Current income £77k per annum
9 x 1-bedroom flats
1 x penthouse 2-bedroom flat
Prime central location
Estimated £250k - £270k conversion costs
Sale or rental market
Ideal instant development potential
Falcon Commercial are delighted to be able to offer for sale this residential property, already with planning approval granted for nine 1-bedroom flats and one 2-bedroom penthouse and previously run as a guest house. The development would suit either the sellers or rental market and all plans are available for viewing if required. Full conversion costs are estimated between £250,000 and £270,000, however it is considered that an established developer would be able to reduce these costs considerably. Additional information available from Falcon Commercial.
Business Points
Prime location
Largely developed area – residential and commercial
Superb commuter location
Former guest House
Full plans and consents available
Additional information from Falcon Commercial
Planning
For further information, you should make your own enquiries to Wiltshire Council, Bythesea Road, Trowbridge, Wiltshire BA14 8JN
Business Rates
Business rates payable: £Nil per month
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk
Stock
The business stock value is: N/A
Staff
The business is run by the proprietor with help from one member of staff
EPC
Commercial Energy Performance rating: TBC
Tenure
Freehold
Legal Costs
Each party to bear their own legal costs incurred in the transaction.
Accounts
Accounts will be provided to genuine purchasers after a formal viewing
Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor 114-116 High Street Honiton EX14 1JP
Agents Note
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thankyou
Location Details:
This superb business opportunity is ideally situated in Melksham, Wiltshire, on a plot on the A350, one of the main access roads into the town centre. Surrounded by retailers including Aldi, McDonalds, Asda, and with the railway station just a ‘stones throw’ away, the location is a popular commuter residential area with a number of residential developments in the vicinity.
Franchise Guides
