Land for sale
Key information
Property description & features
- Tenure: Freehold
Location & Description
This freehold parcel of land offers a unique investment opportunity, featuring a secure income stream with an annual rent of £92,300, signed off by the Inclusion Housing Board including a 15-year lease, providing long-term stability, with a 10-year break clause offering flexibility. Additionally, there is zero CIL (Community Infrastructure Levy) liability, subject to the approval of a Social Housing Relief application. Inclusion Housing is also agreeable to a 10-year lease with a 5-year break clause with annual rent reviews capped at 4 % or CPI, whichever is the lower.
Agreements with Southampton City Council's Integrated Commissioning Unit have been established, covering voids and nominations, further enhancing the property's appeal for both investors and developers.
Note
Auction Surveyor: Bryn Nettle
Contact:[use Contact Agent Button] [use Contact Agent Button]
The main photo and the two small photo's on the right are an architects impression, supplied by vendor, illustrating a potential development design.
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Property reference 272857. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Strettons - Auctions.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 23, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 23, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 18, 2015 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.