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Studio flat for sale
The Pod 17 Espionage Place, South Way, Southwell Business Park, Portland, Dorset, DT5 2FF
£25,000
The Pod 17 Espionage Place, South Way, Southwell Business Park, Portland, Dorset, DT5 2FF
£25,000
Our Summary
- Development Opportunity in Portland, Dorset to Create a Luxury Apartment with Sea Views - Vacant Possession Guide Price £25,000 to £50,000 * Buyers Premium Applies For sale by unconditional online auction
- To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- uk Town and Country Auctions are delighted to offer for sale by public auction this superb and unique development opportunity
- An incredible Investment Opportunity for a minimum outlay
- Planning has been granted to extend the property to create a stunning state of the art apartment
- With build costs at circa £50,000 and a GDV of circa £180,000 this fantastic development opportunity could return a tremendous profit
- Planning permission was granted in March 2023 for conversion & extension and can be viewed at Application Number: P/FUL/2023/00374
- The property will be entered into our 10th September auction which is held online and starts at 10am
- Planning permission granted in March 2023 for conversion & extension and can be viewed at
- Cash Buyers Only
- Please contact Town & Country Property Auctions for more information and to register for the auction
- The auction will be held online, and registration is now open
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
- Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date
- All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
- To make a pre-auction offer we will require two forms of ID,
Description
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Here is a summary of the property description in a single paragraph without a list:
A unique development opportunity is available in Portland, Dorset, offering a chance to create a luxury apartment with stunning sea views overlooking Portland Bill Lighthouse. The property, 17 Espionage, is a steeped-in-maritime-history building that was once at the center of the MI5 Spy Ring during the Cold War. Planning permission has been granted to extend the property, with build costs estimated at circa £50,000 and a potential gross development value of circa £180,000. The property has a long lease remaining and offers parking for up to six cars. With the potential to generate a significant profit, this development opportunity is not to be missed. The property is available for viewing immediately and will be sold by unconditional online auction, with a guide price of £25,000 to £50,000.