MapProperty for sale
Key information
Features and description
- Additional Amenities: The property comes with an individual car parking space at the front of the plot
- Asset Management Opportunity: The property provides a significant opportunity for asset management and income improvement
- Brick-built electric substation
- Freehold Interest: The property for sale is the freehold interest in the site
- Long-term Lease: The substation is subject to a lease in favour of Eastern Electric PLC for a period of 99 years from November 1991
- No Current Rent: The lease is currently at no rent which could potentially be renegotiated for income generation
- This existing infrastructure could potentially be repurposed or upgraded
Substation E – Chestnut Close Rendlesham Woodbridge Suffolk IP12 2UW
Introducing Substation E in Rendlesham Woodbridge, Suffolk IP12 - a unique opportunity to own a parcel of land with a single-story brick-built electric substation and an individual car parking space. This freehold property includes the leasehold interest in the site, currently leased to Eastern Electric PLC for 99 years from November 1991 with no rent.
Situated in the charming town of Rendlesham Woodbridge, this property offers great potential for asset management and income improvement. With its convenient location and easy access to amenities, this property is perfect for those looking to make a smart investment.
Rendlesham Woodbridge is a picturesque town in Suffolk, known for its beautiful countryside and historic charm. Nearby points of interest include scenic walking trails, local shops, and quaint cafes. Don't miss out on this opportunity - schedule a viewing today to explore the potential of Substation E in Rendlesham Woodbridge.
Buyers Premium
A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At world of Auctions our buyers premium on Property (Real Estate sales) is normally £1000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.
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