6 bed flat

Our Summary

• Planning approval secured to convert the commercial unit into 3 garden apartments (2 x 1 bed & 1 x 2 bed), creating a 7-unit residential scheme
• Strong rental uplift potential to £700£950 pcm per unit following refurbishment, private gardens and allocated parking
• Additional medium-term development potential to the rear (pre-app positive for further apartments STP), offering significant long-term planning gain
• Auction Dates: 25th March - Please note you need to register to bid
• Auction Dates: 15TH APRIL - Please note you need to register to bid
• For sale by Online Auction
• Currently arranged as 4 flats and 1 commercial unit (Class E), the property benefits from approved planning permission to convert the commercial element into 3 high-demand garden apartments (2 x 1 bed and 1 x 2 bed), creating a 7-unit residential scheme
• The real value lies in the uplift potential by introducing private gardens and allocated parking to the ground floor units and upgrading the internal specification, projected rents of £700£950 pcm per apartment are achievable, with a conservative GDV in excess of £1m once fully refurbished
• Further medium-term potential exists to the rear of the site, where positive pre-application discussions have been held for additional new-build apartments (STP)
• Offering immediate income, short-term refurbishment upside and significant longer-term planning gain, this is a layered investment opportunity with strong yields and multiple exit strategies in a prime town-centre location
• Tenure Freehold Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction
• Auction Information To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa
• Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date
• All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit