Land for sale

Rooms

Key [Anticipated] Financial Figures:
�800,000 GDV / [Combined] Value Once Completed: �250,000 x 1 and �275,000 x 2<br />Gross Profit �200,000<br />Gross Profit Margin 25%<br />Gross [Combined] Monthly Rent �4,250<br />Gross [Combined] Annual Rent �51,000<br />Gross [Combined] Rental Yield 8.5%<br />Strong both Sales and Lettings Return on Investment<br />

Other Important Financial Information:
CIL Fee �2,100<br />No Restrictive Covenant Fee<br />No Section 106 Fee<br />No Section 184 Fee<br />Minor Demolition Pre-Works<br />No Build Over Agreement Required<br />Party Wall Agreement Required Only One Side<br />

Proposed Scheme Details:
1 x 1 [Double] Bed Ground Floor 'Garden Maisonette', 42.5m2<br />2 x 2 [Double] Bed Triplex Cluster Houses, 48.3m2 each<br />All 'Virtual Freehold' with 999 Year Lease Terms<br />Leasehold with 1/3 Share of the Freehold<br />No Internal Communal Areas<br />No Monthly Service Charges<br />No Ground Rents<br />

Proposed Internal & External Details - 1 x 1 Bed Ground Floor 'Garden Maisonette'
Own Private Entrance / 'Front' Door<br />Ground Floor: Entrance Hall, Lounge-Diner and Kitchen, Double Bedroom, Bathroom<br />Bi-Fold / Concertina Doors to Rear Garden<br />Private Enclosed Rear Garden, 39m2 Size with Patio Area and Turfed Lawn<br />Rear Garden Not Overlooked by the Triplex Cluster Houses <br />

Proposed Internal & External Details - 2 x 2 Bed Triplex Cluster Houses:
Own Private Entrances / 'Front' Doors<br />Ground Floors: Lounge-Diners and Kitchens<br />First Floors: Double Bedrooms No.s 1, Bathrooms<br />Second Floors (Lofts): Bedrooms No.s 2 with potential for En-Suites or Shower Cubicles<br />1 Side-By-Side Parking Space Each<br />

Location:
SG1, Stevenage - The Old Town Area<br />Highly Desirable Area / Much Sought After Location<br />Nicely Positioned in the Street<br />Lovely Neighbours<br />Good Transport Links<br />

Local Amenities:
5 Minutes Drive to the Town Centre (and Train Station) / The High Street<br />10 Minutes Walk to the Town Centre (and Train Station) / The High Street<br />Convenience Store and Takeaways Close By<br />King George's Park<br />Bus Stops: Hourly To / From Stevenage Town Centre (and Train Station) / The High Street<br />

Envisaged Exit Strategy:
Rare Availability<br />Anticipated Quick Re-Sale / Easy Re-Finance and Let<br />Ground Floor 'Garden Maisonette' of Particular Appeal to: Retirees, Down-Sizers, Single Occupants, Pet Owners, Disabled Access Required<br />Triplex Cluster Houses of Particular Appeal to: First Time Buyers, Young Couples; Single Occupants, Commuters, Tenants<br />Plentiful Sales / Lettings Comparables Available for the 3 Proposed Units (Two Different Property Styles), Proving the Anticipated GDV<br />

General Summary:
Unique Scheme, Ingeniously Designed<br />Straightforward & Uncomplicated Build<br />No Hidden Fees or Charges<br />Simple and Achievable Exit Strategy Options<br />Worthwhile Investment Financially: Solid Financials with Low Risk<br />

Agent's Notes:
1.<br />All information in this listing relating to this property contained has been supplied to us by the Vendor;<br /> <br />2.<br />The Vendor - an expert in obtaining Planning Gain - is Open, Honest, and Helpful;<br /> <br />3.<br />Standard Sale / Purchase only, the Vendor will not entertain any Joint Venture / Lease Option offers;<br />

Further Information / Contact:
Please call Alan Hilditch, Director, at Satchells (Baldock Office) to discuss or request further information