Initial price	£8,000
10/10/24	£5,000
Price Change	-37.50%

This rare development opportunity is a former telephone exchange located in a prime location in Cumledge Mill, with a guide price of £10,000. The property requires full renovation and is suitable for keen developers looking for an attractive development opportunity, subject to researching and gaining necessary planning permissions. The area has seen strong demand recently, with farm stays and serviced accommodation achieving between £130-£150 per night, generating a potential gross yield of £37,960-£43,800 per annum. The property is situated in a desirable area with great access to motorways, local amenities, restaurants, scenic views, and sports facilities. The local water supply is located outside the property boundary, and the purchaser will be responsible for connecting it as well as installing a septic tank and soakaway system. The property will feature in an upcoming timed online auction, and bidders must have a bidding account created to participate.