No longer on the market
This property is no longer on the market
MapResidential development
Residential development
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Planning (REF: DC/21/124742) for Conversion of Existing Buildings to 5x Flats & 1x New Build House to Rear.
- Very In-Demand Area.
- Honor Oak Station (approx. 8 mins walk).
- Ready for an immediate build.
- GDV c.£3.4m.
- Offers in Excess of £1,500,000.
A rare opportunity to acquire this unique investment opportunity, which is currently two vacant freehold buildings with garages to the rear. The properties are currently arranged as 4x flats (2x 1-beds at ground floor level and 2x 2/3 beds at first/second floor levels) with garages to the rear. The site benefits from planning consent (REF: DC/21/124742) to convert/extend the existing buildings into 5x flats (1x 1-bed, 3x 2-beds, 1x 3-beds) with the garages to the rear to be demolished, to allow for the construction of a 3-bedroom end of terrace dwelling/house.
There are multiple angles on this site for an exit strategy, with options to develop/resell the entire site, to retain the site, or even look to develop/build the house to rear with a view of selling on the open market to then retain the flats as an investment via an unbroken freehold block providing opportunities in the future to sell as an investment building or break up one by one.
There are multiple angles on this site for an exit strategy, with options to develop/resell the entire site, to retain the site, or even look to develop/build the house to rear with a view of selling on the open market to then retain the flats as an investment via an unbroken freehold block providing opportunities in the future to sell as an investment building or break up one by one.
Property information from this agent
About this agent
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