Lot 16 - SOLD £235,000 Residential Development Site at 168 Lynn Road..
Details:
• Excellent residential development/investment opportunity
• Planning permission for 9 new build apartments - 5817 ft sq GIA
• Desirable residential location overlooking playing fields
• Existing detached 4 bed house with letting potential
DESCRIPTION
An excellent residential development/investment opportunity located close to the outskirts of the town with views across the playing fields. The site extends to around 0.34 acres (0.13 ha) with good road frontage to Lynn Road. There is an existing 4 bed detached house on the site which has the potential to produce a rental income but would require some refurbishment.
The approved development plans provide for a scheme of 8 one bedroom apartments together with an attached 2 bed single storey unit. The scheme has been sympathetically designed and incorporates communal gardens and off street parking.
PLANNING
Planning permission was granted under appeal ref APP/V2635/A/08/2083613 dated 21st October 2008. Copies of the appeal decision is available to download here. Paper copies fo the appeal decision and approved plan are available from the Auctioneers.
LOCATION
The property is situated in the popular Broomhill area of the town close to the War Memorial playing fields and within close proximitly to the town centre. Downham Market offers a range of shopping, educational and sporting facilities and is well located for the A10 road network. The town has a main line railway station on the Kings Lynn to London line.
TENURE Freehold with vacant possession
LEGAL PACK Kuit Steinart Levy, 3 St Marys Parsonage, Manchester, M3 2RD tel 0161 838 7813 ref NN
JOINT AGENTS Morris Armitage,36 High Street, Downham Market, Norfolk PE38 9HH
VIEWING Contact joint agents Morris Armitage, Downham Market on 01366 383777
Result: £235000
