No longer on the market
This property is no longer on the market
Map
Area statsResidential development
Under offer
Residential development
6219
Key information
Features and description
- Greater London freehold with extensive development potential
- Prime, pedestrianised, High Street location
- Potential for residential conversion and new build, retaining retail
- Seven flat development concept
- Lloyds Bank PLC covenant on recently renewed lease, securing £83,500 pax rent until March 2028
- Lloyds has had a tenancy since 1987
- 51 and 53 High Street is under a single title, let on a single FRI lease
- Potential to reconfigure to self-contained ground floor commercial
The property comprises a period, three-storey street-facing, mid-terrace building, arranged as a ground-floor banking unit with ancillary accommodation towards the front at first and second floors, all occupied by Lloyds.
On the basis of the building's layout - but subject to investigation by purchasers - there is potential to convert the upper parts and some of the ground floor rear into residential accommodation, while retaining a retail space, along with further potential for vertical extension to the rear of the property, increasing the mass. In the interim, Lloyds' lease offers £83,500 pax rent until March 2028.
Conceptual plans for remodelled GF retail space plus seven flats across GF, 1F and 2F are set out, on a no-liability basis, for consideration and investigation by purchasers.
On the basis of the building's layout - but subject to investigation by purchasers - there is potential to convert the upper parts and some of the ground floor rear into residential accommodation, while retaining a retail space, along with further potential for vertical extension to the rear of the property, increasing the mass. In the interim, Lloyds' lease offers £83,500 pax rent until March 2028.
Conceptual plans for remodelled GF retail space plus seven flats across GF, 1F and 2F are set out, on a no-liability basis, for consideration and investigation by purchasers.
Property information from this agent
Area statistics
Crime score
High crime
10/10
About this agent
With eight offices across London and the South East, we pride ourselves in providing expert service and peerless market knowledge in specific local markets. SHW is the trading name of Stiles Harold Williams Partnership LLP, a firm of national independent property advisors based in London and the South East of England. We are well-known in the market for our expertise in office, industrial, and retail property, supported by our specialists in Investment, Town Planning, Development, Healthcare & Medical, Roadside, Charities, LPA Receivership, Airports, Leisure and Leasehold Reform. Originally formed in 1798, we are a wholly owned business with 27 Equity Partners dedicated to providing the best service possible to our clients, a number of which we have been providing advice to for over 100 years. We have almost 200 staff across eight offices. We are regulated by RICS and are members of ARMA, ARMA-Q, NARA, RTPI and IRRV.