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For Sale£4,750,000.00

64-68 Blackheath Road, Greenwich, London SE10 8DA

Residential , 18723 Sq Ft
Property type: Residential
Tenure: For Sale Freehold
Size: 18723 Sq Ft
Price: £4,750,000.00
Location: 64-68 Blackheath Road, SE10 8DA
A redundant commercial building occupies this prominent site on a major thoroughfare in one of London’s most sought-after boroughs. The freehold plot, which extends to approx. 0.25 acres, has planning permission for the construction of contemporary 5 storey building of orthodox design. The approved scheme comprises a ground floor commercial unit and 24 residential apartments (9 one bedroom, 11 two bedroom and 4 three bedroom). The Section 106 Agreement requires that 4 units are made available to qualifying purchasers at a discount of 24.58% off open market value. The units can be conveyed directly by the developer without involving a third party Registered Provider (Housing Association). In summary, a great site in a strong location with minimal commercial space, and a straightforward consent for 24 units.
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