Substation C, Chestnut Close
COMMERCIAL INVESTMENT / FUTURE DEVELOPMENT POTENTIAL
Freehold – Subject to existing lease
The property comprises a parcel of single storey brick built electrical sub stations, each arranged beneath a pitched roof. Included is the driveway land in front of the substation.
Please look at the map picture to see Substation marked as Substation C for your accurate location of Substation C.
Guide price includes substation and driveway land in front of substation with future hope value and until then a small potential annual income.
Each electrical substation is subject to a lease in favour of Eastern Electricity Plc for a tenure of 99 years from 18th November 1991 ( thus having 68 years unexpired) at no rent.
The properties are located within the Wackerfield developments in Rendlesham, Rendlesham is situated on the A1152 which provides direct access to the A12 and the shopping facilities of Ipswich. Woodbridge is a port and market town in the East Suffolk district of Suffolk, England. It is 8 miles (13 km) up the River Deben from the sea. It lies 7 miles (11 km) north-east of Ipswich and forms part of the wider Ipswich built-up area. It is well known for its boating harbour and tide mill, on the edge of the Suffolk Coast and Heath Area of Outstanding Natural Beauty. Several festivals are held. As a “gem in Suffolk’s crown”, it has been named the best place to live in the East of England.
Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, minimum of £5000 + VAT upon exchange of the contract.
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