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20 Ryecroft Gdns - Land lying to the southeast of Ryecroft Garde 0.37 Acres of Commercial Land Offered at £350,000 in Camberley GU17 0HZ
Investment Highlights
- Triangular shaped site.
- 21 garages let at £45 per month.
- 4 x One bedroom, 4 x Two bedrooms.
- Freehold.
- Comprising 32 lock-up garages.
- Lapsed planning permission granted for 8 residential units.
- Car and Cycle parking.
Executive Summary
Freehold development opportunity comprising a triangular-shaped site currently occupied by 32 lock-up garages, offering immediate income and future redevelopment potential. The site has historically generated income from garage lettings, with 21 units currently let at £45 per month, producing a gross rental income of approximately £1,175 per month.
The property benefits from a recently lapsed planning permission (ref: 22/02874/FUL), granted by Hart District Council on 5 July 2024, for the demolition of the existing garages and the construction of 8 residential units (4 x one-bedroom and 4 x two-bedroom apartments). The approved scheme also incorporates associated car and cycle parking, along with refuse and recycling storage.
The property benefits from a recently lapsed planning permission (ref: 22/02874/FUL), granted by Hart District Council on 5 July 2024, for the demolition of the existing garages and the construction of 8 residential units (4 x one-bedroom and 4 x two-bedroom apartments). The approved scheme also incorporates associated car and cycle parking, along with refuse and recycling storage.
Property Facts
| Price | £350,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Tenure | Freehold | Total Plot Size | 0.37 ac |
| No. Plots | 1 |
| Price | £350,000 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Plots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Plot Size | 0.37 ac |
1 Plot Available
Plot
| Price | £350,000 | Total Plot Size | 0.37 ac |
| Price Per ac | £953,034.46 |
| Price | £350,000 |
| Price Per ac | £953,034.46 |
| Total Plot Size | 0.37 ac |
The site’s triangular configuration, combined with its established access and layout, presents a clear redevelopment opportunity for residential-led schemes, subject to renewal or reapplication of planning consent.
Description
The triangular shaped site comprising 32 lock-up garages. 21 garages let at £45 per month
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20 Ryecroft Gdns - Land lying to the southeast of Ryecroft Garde
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