Land for sale

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Land for sale

Festival Gardens, Telford
£80,000

Price History

Initial price £100,000
13/11/24 £80,000
Price Change -20.00%

Description

The property for sale is a plot of land with 7 freestanding garages located in the Arleston neighborhood of Telford. The site has potential for residential development, with a planning appraisal indicating a scheme of 4 semi-detached houses could be feasible. The land is situated near the motorway network and Telford Central railway station, with amenities such as shops and supermarkets nearby. The property is being sold freehold, subject to existing rights of way and tenancies, and has an estimated GDV of £900,000 and annual rental income of £48,000. The planning status of the site is subject to obtaining the necessary consents, and potential buyers are advised to carry out their own due diligence and enquiries.