A chance to purchase a redevelopment opportunity with full planning permission has come up in Milton Keynes.
Located in a prominent position on Aylesbury Street in Fenny Stratford, the development will be sold to the highest bidder in a livestream auction hosted by Auction House Beds & Bucks.
The property is advertised by Auction House as “an exciting opportunity for any investor looking to take on a development project in a dynamic area.”
For nearly a century, the property on Fenny Stratford high street has been a familiar sight to the locals. In the 1920s, the Pollard family established their ironmonger’s business, and the property became the home of Pollards hardware shop for many years.
After new owners took over Pollards and relocated the business to a new site on Aylesbury Street, the property has been left unoccupied and ready for a new lease of life.
Situated on a prominent corner site at the junction of Aylesbury Street and George Street, the property currently offers over 4,250 square foot of internal floor space with on-site parking for 10 vehicles.
Grade II Listed and set within a conservation area, full planning permission has been granted to develop the property into a residential and commercial site.
The approved development would see the old ironmongers transformed into two retail units on the ground floor and five apartments on the first floor - with a single-bedroom flat benefiting from ground-floor access and accommodation.
Based in a busy commercial and residential area of Milton Keynes, the site has a gross development value of £935,000 and is advertised as an unmissable opportunity for investors.
The current owners have generated a schedule of costs to develop the site at a figure of £564,000 and architects’ plans are available for inspection. Interested parties can also access the approved planning application via the Milton Keynes Council website under reference 17/02377 FUL and Ref. No: 22/01059/CLUE.
49-51 Aylesbury Street goes up for sale by livestream auction with Auction House Beds & Bucks on Wednesday 8th November.
