FOR SALE: 21.5 acres of Land in E4 7RH available - includes residential & commercial elements. Opportunity for alternative commercial use.
Description
The site extends to two separate parcels of land totalling approx. 21.5 acres (8.70ha) of which C. 3 acres (1.21 ha) comprise of former farm buildings and the remainder is agricultural land.
The site is to be sold subject to various tenancies although possession could be gained of the majority in 2024 / 25 and in entirety 2027.
The established residential elements comprise of a substantial 4 / 5 bed detached house which requires modernisation and is currently vacant and a former farmers cottage which is let on an AST.
The commercial elements are former agricultural buildings comprising of various workshops / sheds totalling in the order of C.18,000 ft2 (1,672.24 m2) on a site of C. 3 acres
The accommodation is let in accordance with the details within the tenancy schedule (which is available upon request) with a current total annual rental income of £157,260 pa.
Business Rates
We note from an investigation into the VOA that only 1 demised area is registered.
Services
Mains drainage, water, gas and electricity are believed to be available to the property. Interested parties are however advised to make their own enquiries of the relevant service providers.
Terms
Freehold offers are sought in the region of £5,000,000 subject to the existing tenancies.
Legal Costs
Each party to bear their own legal costs incurred in the transaction.
Anti Money Laundering
In accordance with the latest Anti Money Laundering Legislation, the purchaser will be required to provide proof of identity and address to the selling agents prior to solicitors being instructed.