This freehold commercial site presents a unique opportunity for those looking to invest in a property with both income generation and renovation potential. Situated on approximately 2.57 acres in the village of Thorney, just outside Peterborough, this site offers considerable flexibility for various uses.
The property features a combination of open yard space and built structures, complete with gated access and fenced boundaries. It is currently generating an annual rental income of £100,000 from two tenants, providing immediate cash flow while you explore further development options. The site is classified as allocated employment land under the Peterborough Local Plan, allowing for a range of uses within Use Classes B1, B2, and B8.
Notably, previous planning consent was granted for the construction of 14 residential dwellings, although this has since lapsed. This aspect underlines the potential for redevelopment that could be revisited by prospective buyers. It’s important to note that the site is located in Flood Zone 3; therefore, conducting a flood risk assessment will be essential for any future projects.
The property’s location enhances its appeal significantly; it sits in a well-connected area with easy access to major roadways such as the A47 and A15. These routes facilitate efficient transportation across Cambridgeshire, Lincolnshire, and the wider East Midlands region—making it particularly suitable for businesses in haulage or storage sectors.
With environmental assessments and asbestos reports available upon request, this property stands out not only for its current utility but also for its significant investment potential in an evolving market.
