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Price History
Our Summary
- The property presents a compelling opportunity for purchasers seeking a combination of immediate asset management and development potential
- The building benefits from full planning permission for the conversion of an existing office unit to residential use Ref 26 00516 PACOU offering a clear and implementable value add opportunity
- In addition there is full planning permission for the construction of 2 1 bedroom flats by way of rooftop development Ref 23 02795 FUL providing further potential to enhance value
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Description
The property is a freehold commercial building located in Newbury, comprising 7 long leasehold flats and an additional unit, with associated land. The building has full planning permission for the conversion of an office unit to residential use and for the construction of two more flats on the rooftop. The existing residential units have long leases that permit development, allowing for the implementation of the proposed scheme.
The property benefits from allocated parking and electric heating, and has a balcony and outside space.