Sold prior to auction, for an undisclosed amount

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A prominent freehold site with 137 ft road frontage and 5 advertising hoardings, development potential, vacant.

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Description/Location

The site measures 0.0293 acres (118.5 sqm / 1273 sq ft) and is situated close to the junction of Mitcham Lane and Riggindale Lane. The seller has advised the hoardings were previously let producing £20,000 pa and that each hoarding has lighting and an electrical supply. It may be possible to replace the hoardings with digital displays and create a kiosk style retail unit on the site subject to planning. The CGI drawings and video presentation used in the catalogue show a variety of schemes that may be viable subject to planning consent.

Tenure

Freehold

Local Authority

Office Contact

Please contact Elliott Network Auctions on 01923 240420

Virtual Tour

Virtual Tour Land at Mitcham Lane artists impression

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*Guide Price & Reserves

Generally speaking 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. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.