TYPEResidential, Offices, Flat, House, Residential Land
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON1st April 2021
• An airspace residential development opportunity with planning permission to create 7 apartments.
• The existing property comprises a 6 storey building. The ground floor comprises a pub and the 5 upper floors are former offices recently converted to residential apartments which have been sold off. The building also has a basement parking and a service area.
• The opportunity available is to acquire the freehold. The vendor has sold the head lease and therefore no ground rents are payable to an incoming purchaser.
• Planning permission granted for the erection of two new storeys to form sixth and seventh floors; to provide a total of 7 apartments.
• The proposed scheme will comprise 1 x studio, 3 x 1 beds & 3 x 2 beds arranged across the 6th & 7th floor.