FOR SALE / TO LET Prime Development Land
The total site area is 6.72 acres (2 72 hectares), comprising a substantial and predominantly level, cleared development site located on the southern side of Wigman Road.
Prominently situated, the frontage also extends to the southern part of the roundabout junction with Hollington Road and Bathurst Drive.
Strictly by prior appointment only with the Sole Agent, Savills.
Long Leasehold - £500,000 per acre.
For plot sales long leaseholds are available for a term of 125 years.
For a sale of the whole site, the property is held on a long leasehold for a term of 150 years with effect from 17 December 2015.
The current ground rent is £15,000 per annum until 16 December 2025.
Leasehold - £35,000 per annum per acre.
Rental terms are flexible.
Planning permission was granted in February 2017 for a distribution and warehouse building with ancillary office accommodation, car park and service yard. Further details available upon application.
The site is considered to have potential for a revised industrial warehouse scheme.
In addition, alternative uses, subject to planning permission.
EPC exempt - No building present