Initial price	£10,000
17/12/24	£5,000
Price Change	-50.00%

This property is a leasehold plot located in a mixed residential and commercial area, opposite an Iceland Supermarket. The site has a 50-year lease from 1981 with no ground rent, and the current rent is £1500 per annum. The property has a hoarding let for three years from 2024 at £125 per month, offering potential for development or creating formalized parking spaces for additional income. Plans have been drawn up for a 1-bedroom end-terraced dwelling, which could be developed if approved, allowing for continued billboard use. The land is being used for unauthorized parking, and pre-auction sales are invited. However, potential buyers are advised to rely on their own enquiries and consult a surveyor before committing to a purchase.