8A Mill Road, Mayland, Essex, CM3 6EQ

Description

An enclosed and secluded 0.5 acre plot of land and buildings in a semi rural area with Class B8 storage use. The plot contains various buildings believed to be in disrepair. The land is enclosed by high fencing, trees and hedges and is accessed by double timber gates. It has been used and has a current use classification as B8 storage. It is considered that the land could suit a variety of uses and may offer future development potential for either commercial or residential subject to obtaining all necessary consents.

Accommodation

Various buildings/structures, including several buildings believed to be in disrepair.

Location

Semi rural residential area in Mayland, Essex.

Tenure / Property Information

Investment Analysis

The £140,000 guide is not sufficient to establish market value. The supplied sold comparables relate to other properties on Mill Road and do not provide a reliable valuation for this 0.5-acre B8 plot with buildings. Development value is expressly subject to consents.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. Proceed only after building, planning and commercial valuation due diligence supports the existing B8 use or a consented alternative.

Works Required

Survey the various buildings and address evidenced disrepair, with any repair, clearance or redevelopment works subject to professional specification and required consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because refurbishment costs, supported GDV, rent and known acquisition fees are unavailable. Any future commercial or residential use requires the necessary consents.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. The property is vacant and currently has B8 storage use.

Flip Analysis

A flip appraisal cannot be supported. The available comparables concern different properties, while the buildings are believed to be in disrepair and development potential is subject to consent. Selling costs are also not supplied.

Investor Risks & Due Diligence

• Various buildings are believed to be in disrepair.

• Future commercial or residential development is subject to obtaining all necessary consents.

• No sufficiently specific rental comparable or auctioneer rent estimate is available.

• The supplied sold comparables relate to other properties and do not establish this property's value.

• Buyer and administrative fees are unspecified beyond the statement that the guide is plus fees.

• The property is vacant, so no passing income is evidenced.

Recommendation

Do not bid on current evidence. Proceed only after building, planning and commercial valuation due diligence supports the existing B8 use or a consented alternative.

Strategy Rating

Analysis Confidence

No property-specific valuation, rental evidence, works budget, planning confirmation or buyer fee schedule is supplied.