Acquired
Burton-on-Trent – Vacant Office with Planning for 4 x Apartments
30-31 High Street, Burton-on-Trent, Staffordshire DE14 1JNVirtual Freehold Office Investment and Residential Development Opportunity
Investment Consideration
- Vacant possession
- Comprising a Self-Contained Office Accommodation on the first and second floors with planning permission for conversion to four 1-bed flats.
- Planning has been extended on condition to be completed by end October 2021.
- Newly installed water and electric supplies for each flat.
- Leasehold. To be held on a new 999 year lease from completion at a fixed ground rent of a peppercorn.
- Prominent position within the town centre.
- Adjacent to The Money Shop and Cash Generator, opposite a Your Move Estate Agents and amongst other multiples including NatWest, Toni & Guy, Barclays, William Hill and Costa.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property is arranged as a mid terraced building with separate front access to Self-Contained Office Accommodation on the first and second floors. Planning approval for conversion of upper floors to 4 x 1-bed flats. East Staffordshire Borough Council Planning reference number: P/2018/00948
The property provides the following accommodation and dimensions:
First & Second Floor Offices (above Nos. 30/31)
First Floor Approx. 1,285 sq ft
Second Floor Approx. 1,356 sq ft
Total Approx. 2,641 sq ft
The property provides the following accommodation and dimensions:
First & Second Floor Offices (above Nos. 30/31)
First Floor Approx. 1,285 sq ft
Second Floor Approx. 1,356 sq ft
Total Approx. 2,641 sq ft
Tenancy Description
The first/second floor offices is at present vacant.
Tenancies & Accommodation
Location Description
Located close to the junction with Station Street, occupying a prominent trading position within the town centre, adjacent to The Money Shop and Cash Generator, opposite a Your Move Estate Agents and amongst other multiples including NatWest, Toni & Guy, Barclays, William Hill and Costa. Burton-on-Trent is located some 25 miles north-east of Birmingham and 11 miles south-west of Derby.
