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Our Summary
- Investment Opportunity
- Further Development Potential
- A substantial and versatile freehold investment opportunity
- Offered with no onward chain and vacant possession, with excellent rental potential and scope to further develop
- Presenting an exciting opportunity for investors and developers, the property offers multiple potential income streams and is currently arranged as a commercial unit alongside three residential properties
- The existing configuration could be retained or further development and conversion opportunities explored, subject to any necessary permissions
- This provides excellent versatility for continued commercial use or potential reconfiguration, subject to the relevant consents
- This area may offer exciting potential to enhance the accommodation further, potentially creating an additional usable room similar to the neighbouring property and taking advantage of the elevated outlook, subject to building regulations and any necessary consents
- A purchaser may choose to retain the existing mixed-use arrangement, create a rental portfolio under one freehold, or investigate the potential for further residential conversion and development, subject to the appropriate permissions
- Indicative rental figures are approximately £650 PCM for a one-bedroom property, £700 PCM for a two-bedroom property and £750-800 PCM for a larger unit, offering attractive potential for investors
- Offered with no onward chain and vacant possession, this is a rare opportunity to acquire a substantial and adaptable freehold property with significant income and development potential
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Description
The property occupies a substantial footprint of approximately 3,333 sq ft across two adjoining buildings at 49 and 51 Poulton Road. It comprises a commercial unit and three self-contained residential properties, with a combined floor area of 3,333 sq ft. The commercial unit on the ground floor of 49 Poulton Road has a private entrance, three additional rooms for flexible space, and access to a rear yard.
Above, 49A is a two-bedroom maisonette with a private entrance, lounge, kitchen, utility space, and bathroom. At 51 Poulton Road, 51A is a one-bedroom ground-floor apartment with a private entrance, bedroom, lounge, kitchen, and bathroom, and a small private rear yard. 51B is a two-bedroom maisonette with a ground-floor hallway, lounge, kitchen, bedroom, and bathroom, and a loft room with storage and heating. The property benefits from three boilers, all approximately one year old, and has the potential for further residential conversion and development, subject to the necessary permissions.