About this property
Key Features
Planning Permission granted for demolition of building and replacement with 2 substantial detached houses
Current rental income of £18,960 p.a.
2 storey building divided into 3 self-contained flats
Description
A wonderful opportunity to purchase a corner site overlooking the picturesque village green. The existing building contains 3 flats within a 2 storey structure built in 1975.
Each self-contained flat comprises; Entrance Hall; Living Room; Kitchen; Bedroom and Bathroom with a gross internal area of approx. 35m². In addition, the building contains 2 single garages, which are also let to the tenants of the flats.
The individual flats are let on an Assured Shorthold Tenancy basis, with a current rental income of approximately £18,960 per annum – see Legal Pack for further details.
The property benefits from a gravel driveway, which provides parking for a number of cars and gives access to the outside space to the rear of the building.
Tenure
Freehold subject to Assured Shorthold Tenancies
Location
The popular village of Risby is approximately 5 miles west of Bury St Edmunds and benefits from a range of local shops, facilities and services, as well as easy access to the A14 trunk road.
Lot Type
Residential
Planning
Full Planning Permission was granted by St Edmundsbury Borough Council on 31st December 2015 for the demolition of the 3 existing apartments, to be replaced by 2 detached houses. The well designed scheme proposes the creation of 2 striking houses with cranked facades which mirror the angle of the frontage. Each property provides a generous level of accommodation over 3 storeys, totalling 176m² (1895sq ft) per house. The scheme also provides parking spaces to the front and have wedge shaped gardens to the rear.
The total site area of approx. 0.074ha (0.18 acres).
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Greene & Greene Solicitors, 80 Guildhall Street, Bury St Edmunds, Suffolk, IP33 1QB Tel: 01284 717404
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�