A STRIP of land in Colchester is up for sale for £60,000, with planning permission already signed off.
Estate agents Boydens is marketing the piece of land, off Greenstead Road, via property website Zoopla.
Permission is in place to convert the unused communal area covered by the land into a two bedroom flat.
The flat would be adjoined with the existing block of flats and utilities are available.
This plot of land with planning permission is cheapest Colchester listing on Zoopla. Picture: Zoopla
The plans in place also include a separate single garage in the rear car park, where other parking spaces are available.
The property is being sold with a 1/32 share of the freehold company and with a lease of 100 years set to be drawn up.
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The advert states: "Boydens are pleased to bring to the market for the directors of the freehold interest this rarely available opportunity to convert a communal area currently unused into a two bedroom residential flat and garage space.
"The site has mains electric, gas and drainage available to be connected from existing utilities to the block with all layout and design plans being agreed (building regulations still need to be completed).
"The agreed plans consist of an entrance hall with doors leading to all room, to the left are doors leading into the two bedrooms and a door in front gives access to the bathroom.
"To the right a door opens into the open plan living space incorporating kitchen area and doors leading out to the small private garden/patio."
This plot of land with planning permission is cheapest Colchester listing on Zoopla. Picture: Zoopla
"Planning is also for a separate single garage in the rear car park, other parking spaces are available.
"The property will be sold with a 1/32 share of the freehold company with a new lease drawn up which will be of over 100 years.
"The ground rent will be set at £127 per annum and there will be a clause that the build will completed within 18 months otherwise the lease will be forfeited."
This plot of land with planning permission is cheapest Colchester listing on Zoopla. Picture: Zoopla
To find out more contact Boydens on 01206 915574.
You can view the full advert at www.zoopla.co.uk/for-sale/details/57287922.
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